Corn Futures PricesTue, Mar 11th, 2014
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Corn futures are trading 3 to 6 cents higher at midday. The May 14 contract has traded as low as $4.73 but found support and is now changing hands at $4.83. Preliminary OI was down 1,331 contracts, so the long liquidation was fairly minor. There were only 2 contracts put out against the Mar 14 contract overnight. The trade will be watching for updated CONAB figures out of Brazil due out tomorrow. USDA pegged 2013/14 world ending stocks figure at 158.50, which was higher than the average trade estimate of 156.27 MMT, and also higher than the Feb figure of 157.30 MMT. Yet the US ending stocks estimate came in lower than the average trade estimate.
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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