Corn Futures PricesFri, Aug 29th, 2014
Latest Brugler Corn Report
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Corn futures are trading 1 to 2 cents lower this morning after closing around 4 to 5 cents higher on Thursday. Prices are still mired in the trading range begun in July. Strength in the wheat markets stemming from the Russia/Ukraine tensions brought some support to corn yesterday. USDA reported net weekly new crop sales of 695,600 MT for the reporting week, on the low end of estimates. Old crop export commitments total 100% of the USDA forecast for the year, but would typically be 107% heading into the last week of the marketing year.
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