Corn (P) Futures PricesWed, Mar 4th, 2015
Latest Brugler Corn (P) Report
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Corn futures closed just a half cent to a couple cents lower in a generally down day for the feed grains. In its weekly report this morning, EIA reported ethanol production fell 1.7% in the week ended Feb. 27 and as a result, stocks tightened just a touch, to 21.528 million barrels, from 21.594 the prior week. Implied corn use dropped to about 98 million bushels for the week. The average trade guess (Bloomberg) for corn ending stocks in the March 10 WASDE report is 1.831 billion bushels.
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