Corn Futures PricesTue, Sep 2nd, 2014
Latest Brugler Corn Report
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Corn futures are currently trading steady to slightly higher. Prices are still mired in the trading range begun in July. Trading interest was very thin on Friday and again last night, with many extending the Labor Day weekend as long as possible. The IGC raised its projected global corn production another 4 MMT, to 973 MMT. That compares to 982 MMT a year ago. There were zero deliveries vs. September futures, with only 7 contracts worth of grain registered. The oldest long has been waiting since 3/3/14. The USDA export inspections numbers were delayed from Monday by the holiday and will be released this morning.
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