Corn Futures PricesMon, Apr 27th, 2015
Latest Brugler Corn Report
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Corn futures are trading mostly 1 or 2 cents lower this morning, after May posted a loss of more than 15 cents last week. Some traders also are assuming large reductions in feed demand due to the avian flu outbreak, thought initial estimates are less than 25 million bushels. Expected US planting progress in tonight’s report is in the 19-20% vicinity. The CME announced an increase in daily limits for corn from 25 cents to 30 cents/bushel on May 1. The weekly COT report from the CFTC showed managed money accounts made their net short position in Corn another 16,986 contracts shorter than they were last week. Their net position was reported as short -65,298 contracts.
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