Corn Futures PricesWed, May 25th, 2016
Latest Brugler Corn Report
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Corn futures closed mixed with the front four contracts finishing within a half cent of unchanged, after posting ranges of 7 to 9 cents amidst a firmer US Dollar. Chinese corn imports during April reached 1.2 MMT. The country imported 1.8 MMT of corn from January through April, an increase of 31% from the same period in 2015. The import pace is expected to slow as domestic price supports are reduced. The Crop Estimates Committee cut their 2015/16 South African corn production estimate by 1.05 MMT to 6.9 MMT (USDA: 6.5 MMT). As of Sunday night, planting progress in Illinois was 2 points behind the state’s average pace of 91%. Statewide progress is still ahead of their respective averages in Iowa and Minnesota. The USDA is expected to give its first condition rating of the 2016 season in the Crop Progress report next Tuesday (delayed for Memorial Day).
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.