Corn (P) Futures PricesFri, Dec 6th, 2013
Latest Brugler Corn (P) Report
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Corn futures closed steady to a penny higher. The Dec 13 contract displayed the most strength and closed at $4.24. The corn trade continues to monitor the GMO situation out of China which was reported earlier in the week. After the close, the CFTC released the latest Commitment of Traders data for the reporting period between Nov 26 – Dec 3 which showed managed money spec funds shrank their net short position in corn by 22,237 contracts, bringing their total net short position to 118,814 contracts. Export activity was fairly quiet over night but wires reported Taiwan bought 60,000 MT US corn. South Korea was said to pass on a tender for 70,000 MT of optional origin.
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