Corn Futures PricesFri, Mar 6th, 2015
Latest Brugler Corn Report
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Corn futures are trading 5 to 6 cents lower at midday. The stronger US dollar is a major feature today, with the euro sliding as quantitative easing begins. With a stronger dollar, it takes fewer dollars to buy the same amount of fundamental value. The average trade guess in Bloomberg’s survey for corn ending stocks in the March 10 WASDE report is 1.831 billion bushels, a touch higher than the February estimate. The report will be Tuesday morning. Traders are generally expecting higher corn production figures for South America, with a reduction possible for South Africa due to drought.
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