Corn Futures PricesMon, Sep 26th, 2016
Latest Brugler Corn Report
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Corn futures are trading mostly a couple cents lower this morning. They settled Friday 1/4 to 1 1/4 cents lower. The December contract lost a half a cent for the week. The Dec17-Dec16 spread is about 4.5 cents narrower than it was in early Sept. The Chinese anti-dumping effort aimed at US DDGs pressured the market a little late last week as it potentially leaves more tonnage to be fed domestically. Yield reports for new crop are variable as harvest activity broadens. The Friday data from the CFTC showed managed money accounts increasing their net short position in corn futures and options by a net -14,652 contracts in the week ending 9/20.
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