Latest Brugler Corn Report
Corn futures are trading a couple cents lower this morning after closing 3 to 5.25 cents lower on Thursday. The US dollar was sharply higher, finishing the day at the highest level in more than a week and dragging down commodity prices overall. Weekly corn export sales reported this morning were near the high end of the range of pre-report expectations at 695,400 MT. Mexico, Japan and China all booked sales during this period. Private exporters reported to the USDA export sales of 120,000 MT of Corn to an unknown destination (for the second day in a row). Total commitments for the 2013/14 marketing year are currently at 72% of the USDA estimate for total exports this year; the five year average for this week is only 52%.
InsideFutures Grains News