Corn Futures PricesFri, Mar 27th, 2015
Latest Brugler Corn Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures continued their gradual decline with losses of a quarter cent. This market needs a shot of news to go anywhere. The Hogs and Pigs report, issued after the close, should be mildly supportive if anything. Most numbers were above trade expectations (see hog section below). More hogs mean more feed use. Keep in mind, USDA already has estimated feed/residual use in the current crop year at 5.25 billion bushels, up from 5.036 in 2013/14 in the face of prices averaging $3.70 this year, versus $4.46 last marketing year. The main market movers will be the Grain Stocks and Planting reports on Tuesday. SAFRAS put the Brazilian corn crop at 75.9 MMT vs. 77.2 MMT last year.
InsideFutures Grains News