Corn (P) Futures PricesThu, Dec 5th, 2013
Latest Brugler Corn (P) Report
Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.
Corn futures closed 2 to 3 cents lower across the board. The March 14 contract displayed the most weakness and closed at $4.33. Thus far there have been no deliveries against the Dec 13 contract. Total commitments as a % of total exports are now at 73% which compares to the previous year’s figure of 68% and the 5 year average of 50%. The International Grains Council (IGC) has estimated 2013 China corn production for 2013 at 217.5MMT. USDA is currently at 211MMT. Wires reported that China’s quarantine authority says it has rejected another 5 lots of US corn. The DTN National Cash Corn Index was up 5 cents from the previous day at $4.14.
InsideFutures Grains News