Corn Futures PricesFri, Aug 28th, 2015
Latest Brugler Corn Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures are trading mostly 1 1/2 cents higher after closing a penny to 4 cents higher on Thursday. Traders were still exiting the September and December contracts ahead of month end. Preliminary open interest was -30217 contracts for Thursday. There was modest net new buying in the 2016 contracts. Outstanding sales for the next marketing year are 33% lower than this point in time a year ago. The International Grains Council forecasts a larger 2015/16 corn crop than previously estimated, up 2 MMT to 968 MMT (USDA: 985.61 MMT). The difference in the two numbers is primarily in the US estimate, with IGC much lower than NASS.
InsideFutures Grains News