Corn Shooting Higher on Monday Morning

Corn futures moved sharply higher at the Sunday night open following the Pro Farmer yield projection released after the previous week’s Crop Tour. The rally extended into Monday morning, with prices climbing 12 to 13 cents. Friday had already seen late-session strength, with futures contracts advancing between 2 ¾ and 6 ½ cents across the board.
Pro Farmer’s yield estimate placed the US national yield at 173.2 bushels per acre, with total production projected at 15.344