Corn Futures PricesWed, May 27th, 2015
Latest Brugler Corn Report
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Corn futures are 3 to 4 cents lower at midday. Front month July futures made it as low as they were in late October. The weekly EIA report is delayed one day due to the Memorial Day holiday. USDA reported that 92% of the US crop has now been planted, about four points ahead of the five year average pace for this date. Emergence is 12 points ahead of its five year average for this date. The first crop condition rating of the year showed 74% in good/ex condition. The initial Brugler500 reading is 383 vs. 386 in 2010. Emergence is ahead of the 5yr avg in all but three states: TX, KS, and NC. The national average cash price calculated by DTN was down to $3.365 on Tuesday night; losing a nickel over the holiday weekend.
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