Corn Futures PricesTue, Apr 28th, 2015
Latest Brugler Corn Report
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Corn futures settled 3 to 5 cents lower on the day. Expected slippage in old crop feed use and improved planting progress were the main drivers. The weekly crop progress report from the USDA issued after the close says that 19% of the crop had been planted as of Sunday night. That is in line with most of the trade expectations, but still 6 points behind the 5 year average for this week. Overall 2% of the crop has emerged. The weather forecast favors rapid planting progress for much of the Corn Belt this week. USDA reported 1.294 MMT of corn was exported last week, up 21% from the previous week and also larger than the same week in 2014. Shipments YTD lag 1.45 MMT or about 57 million bushels.
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