Corn Futures PricesFri, Sep 4th, 2015
Latest Brugler Corn Report
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Corn futures are currently trading a penny or so higher at midday. Slow export sales and a firm US Dollar were not a bullish combination. Ethanol exports totaled 77.2 million gallons in July, up 28% from June. Canada accounted for 30% of the monthly US ethanol exports. Monthly DDG exports were a record high, at 1.367 MMT. China imported 68% of July US DDGs. Average ethanol prices were steady in SD ($1.39), down 3 cents in Nebraska ($1.37), down 2 cents in Iowa ($1.37), but 3 cents higher in Illinois ($1.46). Our road trip to the Farm Progress Show saw Illinois corn fields on I-74 mostly brown and starting to dry down, while IA and NE are still pretty green.
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