Latest Brugler Corn Report
Corn futures at midday are mixed, after being as much as 5 cents higher earlier in the session. US planting progress is expected to be 46 to 48% finished through this coming Sunday, versus the previous average at this time of 30%. French plantings through Monday were 27% finished, down from 69% last year, per FranceAgriMer. The Argentinean harvest is estimated to be 24% complete. The ag attache in Ukraine projects 2016/17 Ukrainian corn production to reach 27.4 MMT due to increased acreage, which would be a year over year increase of 17.4% from the official 2015/16 USDA estimate of 23.33 MMT. Private exporters reported to the USDA that 100,640 MT of US corn was sold to Japan this morning for 2015/16 delivery.
InsideFutures Grains News