Corn (P) Futures PricesTue, Dec 3rd, 2013
Latest Brugler Corn (P) Report
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Corn futures are trading mixed within a few cents of UNCH, after a gain of 5 to 6 cents yesterday. Export bookings have been excellent, but there are some concerns about unshipped Chinese purchases. CNGOIC says US exporters are in talks with PRC corn buyers about possible delays until approval rather than outright cancellations. Informa dropped their Brazilian 2013 corn production estimate by 500,000 MT to 70.6 MMT. USDA is at 70.0 MMT. Informa left Argentina unchanged @t 25 MMT, with the latest USDA figure at 26 MMT. There were again zero deliveries vs. Dec corn futures.
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