Corn Futures PricesWed, Jul 29th, 2015
Latest Brugler Corn Report
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Corn futures closed the session with losses in most contracts about 7 cents on the day. Fall 2016 contracts were down a nickel. Some pressure is coming from ideas of a better crop, but lots of lower quality wheat is available for livestock feed, and it keeps getting cheaper. The EIA report this morning showed ethanol production was down about 8,000 barrels per day from the previous week to 965,000 for the week ending July 24. That was the slowest weekly production rate reported since the week ending May 15. Stocks were unchanged at 19.6 million barrels, 5.3% larger than a year ago. Published trade guesses for the weekly export sales report on Thursday morning are for between 500,000 and 800,000 MT.
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.