Corn Futures PricesThu, Aug 28th, 2014
Latest Brugler Corn Report
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Corn futures closed fractionally mixed. The weekly EIA reports showed stocks of ethanol at 17.3 million barrels. That is a 5.1% decrease from last week and a 14-week low. Production slipped 2.56% from last week, down to 913 thousand barrels per day. That was roughly a 96 million bushel weekly burn rate excluding DDG net back. More rain falling across portions of the Corn Belt is keeping pressure on the corn market again today. Trade estimates for weekly export sales are in the 700,000 to 950,000 MT range, with nearly all of it expected to be new crop since the marketing year ends August 31. These sales totals will be through 8/21.
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