Corn Futures PricesTue, Aug 23rd, 2016
Latest Brugler Corn Report
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Corn futures settled 4 3/4 to 5 1/4 cents lower. The ProFarmer Tour estimated South Dakota corn yield at 149.78 bpa on the route taken. That was about 10 bpa below the 3 year average. The Ohio estimate was 148.96 bpa, and almost matching last year. NASS is 10 bpa higher than last year for Ohio, but their samples do cover a lot more of the state. Better potential yields were reported as the group got into IL and IN. The Kentucky and Colorado ratings each slipped 6 points , but Michigan was 10 points higher than last week. Only about 15% of the US crop had yet to reach the dough stage as of Sunday. The Stats Canada crop report this morning showed an 8.9% drop in corn production vs. last year at 12.3 MMT. The average yield estimate dropped to 149.3 bpa from 164.7 bpa last year.
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