Corn Futures PricesThu, Oct 23rd, 2014
Latest Brugler Corn Report
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Corn futures are trading higher at midday. Traders were looking for USDA to show 700,000 MT to 1.3 MMT of export sales made in the week ending 10/16. USDA reported the actual total was 1,031,200 MT. USDA also reported strong weekly sorghum export sales and export shipments to China. Weekly ethanol production was up 11,000 bpd from the previous week, and inventories declined a half million gallons despite the larger production and somewhat smaller plant operating margins. Enough rain got into central Brazil to allow planting to resume.
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