Corn P Dec '12 (CZ12)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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-7-0 (-0.96%)since 11/14/12
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-63-2 (-8.09%)since 09/14/12
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Corn futures closed the Thursday session with most contracts 1 to 1 1/2 cents lower. The weekly EIA report showed ethanol production recovering 65,000 barrels per day to 1.061 million bpd. That is the largest week to week improvement on record. Stocks of ethanol rose just 24,000 barrels to 22.743 million barrels during the week of Jan 12. Old Crop corn export sales are seen at 500,000-800,000 MT for the week of Jan 11, with the USDA already showing private sales of 442,100 MT for that week. That report will be out tomorrow morning. A Farm Futures survey shows 18/19 corn acreage expectations of 90.1 million acres, down 100,000 acres from 17/18. The International Grains Council raised their projection for 2017/18 world corn production 14 MMT to 1.054 MMT, with increases in the EU and China.Mar 18 Corn closed at $3.51 1/2, down 1 1/2 cents,May 18 Corn closed at $3.59 1/2, down 1 1/2 cents,Jul 18 Corn closed at $3.67 3/4, down 1 1/2 centsSep 18 Corn closed at $3.75 1/4, down 1 1/2 cents
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