Corn Futures PricesTue, Jul 28th, 2015
Latest Brugler Corn Report
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Corn futures are trading another couple cents lower at midday, following a nearly 20 cent loss to start the week. The USDA crop report last night showed slight improvement in the crop conditions, as the trade expected. The 18-state corn condition rating increased 1 point on the Brugler500 Index. The Michigan crop showed the most improvement from a week ago and the MN crop gained another 2 points on the Brugler500 Index. IL and IN improved three points while the Iowa rating was unchanged from last week. As of Sunday night, 78% of the crop had reached the silking stage and about 14% of the national crop is in the dough stage. Private exporters reported to the USDA that 120,000 MT of sorghum were booked for export to China; half of which was for old crop, and half is slated for new crop delivery.
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