Latest Brugler Corn Report
Corn futures drifted about 2 cents lower today. USDA weekly export inspections through April 16 totaled 1.068 MMT, up 24% from the previous week but still about 22 million bushels smaller than the same week in 2014. Traders were looking for USDA to report anywhere from 9% to 14% of the US corn crop planted in the Crop Progress report tonight. The low end was correct, with 9% planted compared with a 13% average, with the delays quite widespread from the South to the Midwest. Sorghum planting also was slightly behind average, at 19% versus 22%.
InsideFutures Grains News