Corn Futures PricesTue, Oct 6th, 2015
Latest Brugler Corn Report
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Corn futures are currently steady to fractionally mixed this morning, after closing around 4 cents higher on Monday afternoon on “variable” yield reports and ideas of storm damage in the Carolinas. The weekly USDA Crop Progress report after the close yesterday showed the US crop condition improved by one point this week. The Brugler500 Index pegged the crop at a score of 375, compared to 388 at this time a year ago. NASS reported that 86% of the US corn crop is safe from frost, ahead of the 5 year average. US corn harvest continues to be just behind schedule, at 27% completed (five year average: 32%). USDA reported a 42% week over week drop in export inspections, as 469,697 MT of corn was inspected for export during the week ending 10/1. Export inspections since September 1 are 20% smaller than last year at this time.
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