Corn Futures PricesFri, Apr 29th, 2016
Latest Brugler Corn Report
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Corn futures ended the Friday trade 3 1/4 cents higher to 1 1/4 cents lower, after trading as much as 5 cents higher earlier in the session. Front month May16 corn was up 18 1/2 cents from last Friday, and Dec16 corn was up 26 1/2 for the month. Managed money switched from holding a net short position on April 19, to a net long position of 79,781 contracts as of the close on April 26 per the CFTC. Planting progress in the US is expected to be 46 to 48% complete through this coming Sunday, up from 30% on average. French plantings through Monday were 27% finished, down from 69% last year, per FranceAgriMer. Increased acreage is expected to drive Ukrainian corn production up to 27.4 MMT in 2016/17, according to the ag attache. If realized, that would be a year over year increase of 17.4% from the official 2015/16 USDA estimate. Private exporters reported to the USDA that 100,640 MT of US corn was sold to Japan this morning for 2015/16 delivery.
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.