Corn Futures PricesFri, Jul 25th, 2014
Latest Brugler Corn Report
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Corn futures are currently trading within a few cents of even money at midday. We saw solid export sales for new crop in the weekly report yesterday, and this morning the USDA told us that Mexico bought just over 269TMT of corn, with more than 91% of it slated for delivery in 14/15/ Some concerns are mounting in the areas of the Corn Belt that have not accumulated additional moisture in the past week or more. Fairly broad areas of the Corn Belt are below 100% of normal precip for July, but are drawing on ample subsoil moisture from June. The Allendale brokerage firm released a 174.1 bpa national average yield guess yesterday. If realized, that would be 5.9% above the previous record set in 2009, and a year over year improvement of more than 9.6%.
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.