Corn Futures PricesFri, Aug 1st, 2014
Latest Brugler Corn Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures are trading a penny lower across the board this morning. Funds were estimated to have been net sellers of around 4,000 corn contracts yesterday. The market could not build a rally on solid new crop export sales yesterday. The US Dollar index keeps moving higher, working against higher US grain prices. The IGC raised its forecast for global production in 2014/15, which also kept pressure on the market. The updated forecast of world corn production was for 969 million tonnes, up six MMT from the previous projection. The current estimate from the USDA is at 980.96 MMT, and its global consumption estimate is at 966.33 MMT.
InsideFutures Grains News