Corn (P) Futures PricesMon, Apr 27th, 2015
Latest Brugler Corn (P) Report
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Corn futures are trading 2 to 4 cents lower at midday. Slippage in old crop feed use and improved planting progress are the main drivers. USDA reported 1.294 MMT of corn was exported last week, up 21% from the previous week and also larger than the same week in 2014. Shipments YTD lag 1.45 MMT or about 57 million bushels. Expected US planting progress in tonight’s report is in the 19-20% vicinity. The weekly COT report from the CFTC showed managed money accounts made their net short position in Corn another 16,986 contracts shorter than they were last week. Their net position was reported as short -65,298 contracts.
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