Corn Futures PricesWed, Jul 30th, 2014
Latest Brugler Corn Report
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Corn futures closed 5 to 6 cents lower. The front month Sept 14 contract was the weakest. Trader talk is that 46% of the second crop corn in Paraguay has been harvested, and Brazil is also coming along quickly. Private exporters reported to the USDA export sales of 147,000 MT of corn for delivery to Colombia during the 2014/2015 marketing year. USDA reported on Monday night that 78% of the corn crop is silking, ahead of the 75% average for this date. Iowa was 85% silked as of Sunday, up from 59% the previous week and above the 5 year average of 74%. Indiana is 88% silked, up from 69% the previous week and above the 5 year average of 79%. The Brugler500 crop condition index dropped to 390 from 392 last week.
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