Corn Futures PricesFri, Apr 29th, 2016
Latest Brugler Corn Report
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Corn futures are currently trading as much as four cents higher after settling mostly 3 to 6 1/2 cents higher on Thursday, with more strength in the front two contracts. The sharply lower USD (-650 points) and significantly better than expected export sales data gave the corn market a boost on Thursday. Export sales data for the week ending April 21 exceeded the higher end of expectations and topped 2.6 MMT, including 439,975 MT booked for new crop. Cumulative new crop commitments are now ahead of where they were last year at this time. Japan purchased 567,400 MT of old crop, and Mexico was in for 267,600 MT. There were zero corn delivery notices vs. May futures on FND.
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