Corn Futures PricesThu, Sep 3rd, 2015
Latest Brugler Corn Report
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Corn futures closed mostly 5 1/2 to 6 1/4 cents lower on Thursday pressured by more firmness in the US Dollar. Most weakness was in the front months, as Sept15 corn was down 6 1/4 and Dec15 corn slipped 6 cents. The USDA Export Sales report this morning showed a net 441,000 MT of corn was booked during the week ending August 27, with about 75% of the total consisting of new crop sales. Combined weekly sales for both crop years were the smallest reported over the past month. Weekly shipments, however, increased by 31%, to the largest week exports since the week ending July 23. YTD shipments are 45,205 MMT, about 1.787 MMT below the USDA projection for the 14/15 marketing year with one week left to include. Informa published its updated corn yield estimate of 168.8 bu/ac today, steady with the USDA August estimate. The consultant predicts total production of 13.688 bbu (USDA: 13.686 bbu).
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