Corn Futures PricesFri, Apr 25th, 2014
Latest Brugler Corn Report
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Corn futures closed 1 to 3 cents lower on the day. The July 14 contract traded as high as $5.07 before reversing to the downside on a “buy the rumor, sell the fact” reaction to the strong export sales. USDA weekly export sales through April 17 were on the high end of estimates at 1,001,800 MT (including 382,900 MT for 14/15). Total commitments as a % of total exports are now at 97% compared to 91% last year and the 5 year average of 86%. The Rosario Grain exchange estimated Argentina corn production at 23 MMT, which was up from their previous estimate of 22.7 MMT.
InsideFutures Grains News
Traditionally, trading of corn futures reaches a peak during the summer months, with corn prices affected by weather and plant-times. Buying and selling corn futures can insure traders against negative fluctuations in corn prices. Our tables are updated frequently to show the current corn quotes and corn futures prices.
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