Corn (P) Futures PricesFri, May 29th, 2015
Latest Brugler Corn (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures ended the day with most contracts about 2 cents lower. Sharp losses in the wheat market again today were a drag on prices. July futures lost 8.5 cents or 2.42% on the week. December came within a penny of its October low yesterday, but traded nearly a dime above that level during the session today. EPA made a long awaited announcement on the Renewable Fuels Standards mandate this morning, officially increasing the yr/yr requirements for bio-fuels use. It puts a solid foundation under corn use for ethanol figures, but the market has already been operating at near record weekly production levels during 2015 without the mandate. Weekly data from the CFTC on the Commitments of traders showed managed money accounts adding 5,703 contracts, or about 4.23% to their net short position from Tuesday to Tuesday.
InsideFutures Grains News