Corn Futures PricesTue, Sep 27th, 2016
Latest Brugler Corn Report
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Corn futures settled mostly 2 3/4 cents higher on Tuesday. Steady crop condition ratings were apparently priced in following the sharp losses seen in Monday's trade. The Missouri crop rating improved 3 points from last week, but the rating for each of the three 'I' states was down two points. About 15% was already out of the field by Sunday, but that is actually 4 points behind the 5yr avg for this week. TN and KY are the farthest ahead of their respective normal. Illinois is nearly 1/4 done. The range of pre-report trade guesses for Sept 1 corn stocks stretches from 1.665 - 1.862 billion bushels (bbu).
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