Corn Futures PricesMon, Nov 24th, 2014
Latest Brugler Corn Report
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Corn futures are trading mostly a couple cents lower this morning. Year to date Chinese corn imports are up 5.2% from a year ago despite restrictions on US purchases. Much of the corn has come from Ukraine. They have also been buying US grain sorghum. The Friday night Cattle on Feed report showed heavier than expected October placements, resulting in larger November On Feed numbers and an expectation for slightly more corn consumption. The weekly Commitment of Traders report from the CFTC showed managed money accounts adding 147 contracts to their net long position, which was reported at 186,954 contracts as of the Tuesday close.
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