Corn futures are currently 1 to 2 cents higher after settling 5 to 5 cents lower

Some bulls were giving up, with preliminary open interest -13312 contracts on the day. The bulk of that was in September, with options expired and FND on Friday. NASS showed 68% of the corn in good or excellent condition, while the Brugler500 Index was up 1 point to 373. The big acreage states showed slight improvements in ratings last week. Overall ratings typically decline a notch or two each week in August. A Farm Futures survey of producers shows expected 2019 acreage of 90.8 million acres. That is up more than 1.7 million acres from 2018, but those intentions will likely change over the next 7-8 months.