Corn Futures PricesTue, Oct 21st, 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 higher at midday, picking up some hearty gains on the reality of a relatively late harvest. According to USDA, the national crop is now 31% harvested, vs. the 5yr average of 53% for this date. The slow pace has alleviated potential storage issues in some areas. Harvest progress is 20 points behind the 5yr average in both IN and IL. Iowa is 34 points behind normal, and MN is lagging its 5yr average by 31 points. MI and WI are both 13 points behind the 5 yr average for maturity. The USDA crop condition rating was UNCH from last week with the Brugler500 Index at 389. Weekly export inspections were 717,605 MT, which was smaller than both a week ago and a year ago; however the YTD total is more than 150% of what it was a year ago.
InsideFutures Grains News