Corn Futures PricesWed, Oct 1st, 2014
Latest Brugler Corn Report
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Corn futures settled 1/2 to 1 cent higher on Wednesday after hitting a five year low in the front month on Tuesday. Ethanol stocks in the weekly EIA report increased by 200,000 barrels from last week while production was down 8 thousand barrels per day. Corn use would have been in the 94-95 million bushel range for the week. Trade estimates for the USDA weekly export sales report on Thursday morning are 650,000 to 900,000 MT. Broker FC Stone raised projected US corn yield to 178.4 bushels per acre and production at 14.958 billion bushels.
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