Corn (P) Futures PricesTuesday, May 21st, 2013
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Latest Brugler Corn (P) Report
Corn futures are trading 8 to 13 cents lower this morning. The USDA showed 71% of the national corn crop has been planted compared to the 5yr average of 79%. OH, IN, IL, IA, & MN all came in short of 75% done, but large acreage Nebraska was reported to be 84% planted. North Dakota is at 61%, up from 18% last week. The corn crop is now estimated to be 19% emerged vs. the 5yr average of 46%. The USDA Export Inspections report showed 14.6 million bushels last week, up from 12.7 million the week before. USDA did report a sale of 120,000 MT of new crop corn to unknown destinations under the daily reporting system on Monday.
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