Corn Futures PricesFri, Dec 19th, 2014
Latest Brugler Corn Report
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Corn futures are trading mostly a nickel lower this morning after 2 3/4 to 3 1/4 higher trade yesterday. Cumulative US corn export commitments are now 55% of the full year forecast, close to the 56% average pace for this date. A DeutscheBank outlook for 2015 indicated that current grain price levels for 2015 are “underpricing event risk”. The USDA 10 year baseline forecast, used for budgeting purposes and released yesterday, anticipates 88 million planted acres in 2015. Production was estimated at 13.45 billion bushels.
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