Corn Futures PricesWed, May 25th, 2016
Latest Brugler Corn Report
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Corn futures at midday of midweek are 4 to 6 1/2 cents higher, after trading only a penny higher this morning. The EIA showed that ethanol production during the week ending last Friday was 946,000 barrels per day, a reduction of 2,000 barrels per day from the previous week. Ethanol stocks on May 20 were reported at 20.8 million barrels (a 2016 low), down 300,000 barrels from the Friday before. This marks three consecutive weeks of declining ethanol stocks. A sale of 160,000 MT of Brazilian corn from government stockpiles has been approved by the Agriculture Ministry. The Ukrainian corn crop was 95% planted as of Monday, per UkrAgroConsult.
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.