Corn (P) Futures PricesTue, Dec 10th, 2013
Latest Brugler Corn (P) Report
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Corn futures are trading within a penny of UNCH this morning. It is a rocking chair day between the WASDE reports and the Thursday Export Sales data. We expect to get weekly EIA ethanol production and stocks numbers later this morning. USDA put projected ending stocks at 1.792 bbu yesterday, as low prices continue to attract additional consumption. US ethanol use and exports were increased. USDA put world corn ending stocks at 162.46 MMT, again below the average trade guess. The projected world corn stocks/use ratio is above the last two years, but still tighter than in 2008/09.
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