Latest Brugler Corn Report
Corn futures are trading steady within a penny of even money after posting gains of more than 10 cents on Wednesday. Net export sales for the week ending October 23 came in on the low end of expectations at 534,500 MT. Total 2014/15 commitments as a % of total projected annual exports are 42%; they were 45% last year at this date. Industrial demand is solid, with weekly corn consumption for ethanol over 95 million bushels. Ethanol stocks declined to 17 million barrels, down from 17.9 million barrels a week earlier.
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