Corn Futures PricesWed, Oct 26th, 2016
Latest Brugler Corn Report
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Corn futures are trading 3 to 5 cents higher at midday. The big change from yesterday is a retreat in the US dollar index, offering some potential for improved export sales if it continues. US export sales commitments are well above year ago. Harvest will be slowed by some patches of wet weather, but enough bushels are already on hand to carry us well into 2017. That is if producers can be persuaded to sell. US ethanol production slowed slightly last week, down 7,000 bpd to 991,000 bpd. Stocks jumped 877,000 barrels to 19.92 million after setting a multi-month low last week.
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