Corn Futures PricesFri, Oct 21st, 2016
Latest Brugler Corn Report
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Corn futures ended Friday with gains of a penny or more, but the Dec16 contract was actually 1 3/4 cents lower than a week earlier, despite strong ethanol and export data published this week. Pressure came from a stronger US Dollar Index, and rapid harvest progress for many areas. FranceAgriMer has French corn harvest at 39% vs. 52% at this time last year. The Commitment of Traders report showed that as of the Tuesday close, managed money accounts had lightened up on their net short position in corn by 60,995 contracts. That cut their net short by 46.5% from the previous week. The change in price for the Dec16 contract from Tuesday to Tuesday was +5 1/2 cents.
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