Corn Futures PricesWednesday, May 22nd, 2013
Current Prices | End-of-Day Prices | Options Quotes | Spread Quotes | Profile
Latest Brugler Corn Report
Corn futures saw a sharp drop in the nearby July contract today, but unwinding of bull spreads did support the new crop months. December was UNCH after bouncing from the 2012 low at $5.12. A few elevators are already switching their cash bids from July to September out of fear that a short squeeze will develop in the July. Others are being patient because index fund roll selling typically puts some pressure on the contract at the end of the month and in early June. Planting progress has been slowed by rain in some areas, but the trade focus is switching toward yield and gradually away from acres.
InsideFutures Grains News