Corn Futures PricesMon, Dec 22nd, 2014
Latest Brugler Corn Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures are trading slightly higher at midday. They posted a new high for the move at $4.29 1/4 during its nickel trading range this morning, gaining some support from strong and volatile action in the wheat market. The Informa projection for 88 million planted acres in 2015 drew little attention. Bears are suggesting that Brazilian producers are becoming more interested in second crop corn due to the recovery from October in prices and the weaker Real. It still doesn’t pencil well in the interior areas with high freight costs. In the weekly Commitment of Traders report released Friday by the CFTC, managed money accounts added 5,976 contracts to their net long position during the week ending Tuesday December 16. Their net position is now net long 236,170 contracts.
InsideFutures Grains News