Corn Futures PricesWednesday, Jun 19th, 2013
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Latest Brugler Corn Report
Corn futures shook off some Turnaround Tuesday profit taking and closed double digits higher in all contracts except for July. July had been the bull leader the day before and was held back by spread realignment. The market settled at a one month high, due to strong basis bids and less than expected improvement in new crop condition ratings from USDA. Gulf corn basis was reported at a record high for the month of June at $1.25 over the July futures. This is despite a fairly limited export program. Strong ethanol demand is supporting basis levels in the interior Midwest which results in stiff competition for the ports.
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.