Corn Futures PricesFri, Sep 4th, 2015
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Corn futures finished Friday up 1 1/2 to 1 3/4 cents. Sept corn was down 14 cents (-4%) for the week. Slow export sales and a firm US Dollar were not a bullish combination. Managed money accounts increased their net long position by 3,448 contracts according to the weekly Commitment of Traders report. Their position as of September 1 was 76,985 contracts net long. Ethanol exports totaled 77.2 million gallons in July, up 28% from June. Canada accounted for 30% of the monthly US ethanol exports. Monthly DDG exports were a record high, at 1.367 MMT. China imported 68% of July US DDGs. Average ethanol prices were steady in SD ($1.39), down 3 cents in Nebraska ($1.37), down 2 cents in Iowa ($1.37), but 3 cents higher in Illinois ($1.46).
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