Corn Futures PricesWed, Apr 23rd, 2014
Latest Brugler Corn Report
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Corn futures closed 7 to 8 cents higher on the day. The Dec 14 contract displayed the most strength and closed at $5.04. The weekly EIA report showed ethanol production at 910,000 bpd, which was lower compared to last week’s figure of 939,000 bpd. Ethanol stocks were reported at 16.5 million barrels, up 500,000 from last week. Ethanol imports were 11 million this week. South Korea’s KFA group was said to have purchased 60,000 MT of optional origin corn. Trade estimates for Thursdays USDA weekly export sales report are in the 400,000 to 1 MMT range.
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.
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