Corn Futures PricesWed, Oct 26th, 2016
Latest Brugler Corn Report
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Corn futures settled 3 1/4 to 4 3/4 higher on Wednesday. The big impetus was a retreat in the US dollar index, offering some potential for improved export sales if it continues. The dollar did recover a bit late in the session. US ethanol production slowed slightly last week, with EIA down 7,000 bpd to 991,000 bpd. Weekly EIA ethanol stocks jumped 877,000 barrels to 19.92 million after setting a multi-month low last week. Trade estimates for the USDA weekly export sales report in the morning are running 850,000 MT to 1.2 million MT.
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