Corn (P) Futures PricesFri, Oct 17th, 2014
Latest Brugler Corn (P) Report
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Corn futures closed mostly four cents lower on the day, but the December still posted a gain of more than 4% for the week. This morning, USDA reported export sales for the week totaled 2,433,300 MT, which was at the high end of trade estimates and also the highest weekly total reported so far this marketing year. Mexico was the largest buyer for both 2014/15 and 2015/16. Also this morning, private exporters reported to the USDA a sale of 126,000 MT sold to an unknown destination. Informa published a projection for 2015 US corn acreage at 87.8 million acres this morning. The weekly Commitment of Traders report from the CFTC showed managed money accounts getting longer than they were the previous week. Their net long position had grown by a net 15,575 contracts as of the closing bell on Tuesday.
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