Corn Futures PricesThu, May 21st, 2015
Open Interest is for the previous day's trading session.
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 mostly 1 or 2 cents higher after settling 4 to 5 cents higher yesterday on firm wheat prices and friendly corn export data from both the weekly and daily reporting systems. Weekly export sales were above the higher end of trade expectations, coming in at 893,300 MT. However, commitments are not keeping up with the newly increased USDA forecast for the year. They are only 88% of the full year figure, and would typically be 95% by now. Celeres in Brazil is projecting a total Brazilian crop of 81.03 MMT, slightly below year ago. USDA was at 78 MMT in the May WASDE. The AgroConsult estimate is even larger at 82.1 MMT.
InsideFutures Grains News