Corn Futures PricesWed, Mar 12th, 2014
Latest Brugler Corn Report
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Corn futures are trading 1 to 4 cents lower after closing 4 to 6 cents higher yesterday. There were only 2 deliveries put out against the Mar 14 contract overnight. Preliminary OI was up 8,989 contracts, indicating fresh fund buying. The trade will be watching for updated CONAB figures out of Brazil. Chinese sources suggest that hog producers there are still seeing losses, and not very interested in buying Chinese or US corn.
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