Corn Futures PricesFri, Mar 6th, 2015
Latest Brugler Corn Report
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Corn futures closed higher by roughly a cent. Trade estimates for the USDA weekly export sales report released this morning were 700,000 MT to 1 MMT; the actual number from USDA was 986,800 MT, with more than 83% of the total consisting of fresh old crop sales. China bought 380,400 MT of sorghum last week as well. Private exporters today reported to the USDA a sorghum sale of another 108,000 MT to unknown destinations this morning under the daily system. The average trade guess in Bloomberg’s survey for corn ending stocks in the March 10 WASDE report is 1.831 billion bushels, a touch higher than the February estimate.
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