Latest Brugler Corn Report
Corn futures are trading around 3 to 4 cents higher this morning after a solidly higher close on Tuesday. The slow pace feeds ideas of a long harvest, but also means consumption is removing some of the bushels that might have been competing for storage space. Some quality questions are also being raised. Harvest progress is 20 points behind the 5yr average in both IN and IL. Iowa is 34 points behind its normal harvest pace, and MN is lagging its 5yr average by 31 points. As for maturity, MI and WI are both have about 25% left to mature, which puts them 13 points behind for this week of the year.
InsideFutures Grains News