Corn (P) Futures PricesMon, Sep 15th, 2014
Latest Brugler Corn (P) Report
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Corn futures ended the session in positive territory. Traders were looking for a drop in the USDA crop condition ratings this afternoon, but the Brugler500 Index was unchanged for the second week in a row; sitting pretty at 387. As of Sunday, the national crop was 82% dented, and 27% mature vs. the 5yr averages of 85% and 39% respectively. In the first week reporting harvest progress, USDA shows 4% harvested vs. the 5yr average of 9% for this week. Corn export inspections this morning were down sharply from last week at 741,230 MT (1.197 MMT last week). They were still above year ago, however, and the YTD shipments are 746 thousand MT (29 million bushels) ahead of the first 11 days of the 2013 marketing year. Also this morning, private exporters reported to the USDA export sales of 120,000 MT to Mexico during the 2015/16 marketing year.
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