Corn Futures PricesWed, Sep 17th, 2014
Latest Brugler Corn Report
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Corn futures settled 1 1/2 to 2 cents lower today. Improving harvest weather had something to do with it, and so did a 14 month high in the US dollar index which is doing nothing to assist US competitiveness in the export market. Some crop estimators are reducing their harvested acreage figures, with Lanworth going to 83.5 million and Cordonnier reportedly at 83.33 million. Weekly ethanol production rose to 931,000 barrels per day last week, using about 99 million bushels of corn. Ethanol stocks rose to 18.8 million barrels. Trade estimates for US corn export sales last week are in the 450,000 to 800,000 MT range. The USDA update will be at 7:30 am CDT.
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