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Corn Mar '17 (ZCH17) CBOT

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Brugler report

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Corn futures are mostly steady at midday. Mexico is planning to import at least 20% more corn over the next marketing year. The EIA report is scheduled to come out tomorrow, pushed back by the short week. National average corn price was at 3.30 1/2 last night, the highest it has been since June 29 of last year. A survey by SAFRAS puts Brazilian corn production estimates at 94.89 MMT for 16/17. Planting should resume soon in Argentina as the areas where rains had brought most planting to a halt are forecast to be drying up. Mar 17 Corn is at $3.65 1/2, unch, May 17 Corn is at $3.73, up 1/4 cent, Jul 17 Corn is at $3.80, unch , Sep 17 Corn is at $3.86 1/4, unch
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