Corn Futures PricesTue, Jul 26th, 2016
Latest Brugler Corn Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures closed fractionally lower on Monday after being as much as 4 cents higher earlier in the day. The USDA Crop Progress report this afternoon showed that 79% of the national crop has reached the silking stage, up 9 points from the previous 5 year average. Doughing is right on schedule at 13% complete. Our Brugler500 Index pegged the crop condition at 389 as of Sunday night, identical with last week. Trade analysts on average expected corn conditions to be slightly lower from last week. This morning, it was shown that 1.307 MMT of US corn was inspected for export during the week ending July 21. This was down 1.6% from the previous week, but nearly 18% larger than the same week in 2015. Marketing year to date inspections are now just 2.8% behind last year. The Brazilian safrinha harvest is 50% complete.
InsideFutures Grains News