Corn Futures PricesTue, Dec 1st, 2015
Latest Brugler Corn Report
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Corn futures settled mostly 1 or 2 cents higher, adding to nickel gains from Monday. Dec15 corn reached its highest price since November 9 early this morning, reaching $3.68 3/4. The ethanol blending requirements published by the EPA yesterday set the official mandates for each year from 2015-17 somewhat higher than the figures that were released in May. The US Dollar Index slipped more than 300 points today. DTNs national average cash corn index was 6.5 cents higher on Monday night than it was on Friday night. After the close USDA released its monthly grain crushings report showing corn consumed for ethanol and non-fuel wet mill products during October was 495.8 million bushels (mbu), up 4% from September. Ethanol production took 444.115 million bushels, 16.7 million more than in October 2014.
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