Corn Futures PricesFri, Jul 1st, 2016
Latest Brugler Corn Report
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Corn futures are trading mixed and mostly within a penny of even money this morning after sustaining double digit losses in the front months on Thursday. USDA reported 94.148 million planted corn acres, above both March intentions and trade expectations. June 1 Corn stocks were also 118 mbu above the higher end of the range of trade estimates, and up 269 mbu year/year. USDA weekly Export sales for the week ending June 23 were on the lower end of estimates at a combined 1.004 MMT. There were 164 contracts put out against July delivery overnight, with FCS and ADM clients on the stopper side. The oldest July corn long now dates to May 4.
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