Corn Futures PricesThu, Apr 28th, 2016
Latest Brugler Corn Report
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Corn futures settled mostly 3 to 6 1/2 cents higher, with more strength in the front two contracts. The sharply lower USD (-650 points) and significantly better than expected export sales data gave the corn market a boost on Thursday. Export sales data for the week ending April 21 exceeded the higher end of expectations and topped 2.6 MMT (102 million bushels!) including 439,975 MT booked for new crop. This marks a new high for the marketing year and an unusually large amount for this week of the year. The jump puts cumulative new crop commitments now ahead of where they were last year at this time. Japan purchased 567,400 MT of old crop, and Mexico was in for 267,600 MT.Export shipments were more than a million MT for the fifth week in a row.
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