Corn (P) Futures PricesFri, Dec 6th, 2013
Latest Brugler Corn (P) Report
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Corn futures are currently trading slightly lower this morning. The March 14 contract displayed the most weakness yesterday and closed at $4.33. Thus far there have been no deliveries against the Dec 13 contract. Total export commitments as a % of total exports are now at 73% which compares to the previous year’s figure of 68% and the 5 year average of 50%. The International Grains Council (IGC) has estimated 2013 China corn production for 2013 at 217.5M3 to MT. USDA is currently at 211MMT.
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