Corn Futures PricesWed, Dec 11th, 2013
Latest Brugler Corn Report
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Corn futures closed 2 to 3 cents higher on the day. The Dec 13 contract posted its highest daily close since November 12. Weekly export sales tomorrow are expected to be between 600-750,000 MT. In the weekly EIA report, ethanol stocks were a little higher at approximately 15.4 million barrels. Ethanol production was estimated at 944,000 bpd, the highest run rate since since Jan 6, 2013. Private exporters reported sales of 120,000 MT of corn sold to an unknown destination this morning. The China Stats Bureau estimated the official corn yield there at 96 bpa, which was up 2.7% from the previous year. Wires reported that Chinese Authorities in the eastern province of Zhejiang rejected a cargo of 59.1 TMT of U.S. corn due to the presence of MIR 162.
InsideFutures Grains News
Traditionally, trading of corn futures reaches a peak during the summer months, with corn prices affected by weather and plant-times. Buying and selling corn futures can insure traders against negative fluctuations in corn prices. Our tables are updated frequently to show the current corn quotes and corn futures prices.