Corn Futures PricesThu, Aug 28th, 2014
Latest Brugler Corn Report
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Corn futures closed around 4 to 5 cents higher on the day. Strength in the wheat markets stemming from the Russia/Ukraine tensions brought some support to the price of corn futures. Trade estimates for weekly export sales were in the 700,000 to 950,000 MT range, with nearly all of it expected to be new crop since the marketing year ends August 31. USDA reported net weekly new crop sales of 695,600 MT for the reporting week. Old crop cancellations were -32,700 MT. New crop bookings have averaged more than 750 TMT per week since the week ending July 3. Ethanol production was down significantly this week, hitting a 14 week low, and production slipped 2.56%, down to 913 thousand barrels per day. The national average cash corn price on Wednesday was $3.39; in the middle of the range it has been in since about July 21.
Sep 14 Corn closed at $3.61 3/4, up 5 3/4 cents,
Dec 14 Corn closed at $3.69 1/4, up 4 1/4 cents,
Mar 15 Corn closed at $3.82 1/4, up 4 cents
May 15 Corn closed at $3.90 1/2, up 4 cents
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.