Corn Futures PricesWed, Dec 17th, 2014
Latest Brugler Corn Report
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Corn futures are trading mostly a couple cents higher at midday. The weekly EIA report showed ethanol stocks slipped 100,000 barrels from the previous week, and ethanol production set another record at 990,000 barrels per day. Other than the bullish ethanol numbers, the wheat market is the main underpinning. Rumors of Chinese approval of the MIR-162 trait continue to circulate, along with rumors of a large DDG buying program. DDG prices have rallied sharply in recent weeks in the face of record production, so somebody is buying it.
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