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Corn Dec '17 (ZCZ17)

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Brugler report

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Wed Jul 26, 7:24AM CDT
Corn futures are trading fractionally lower this morning. They closed Tuesday with losses of 6 to 8 1/2 cents in most contracts. Monday’s USDA Crop Progress report showed most states behind their averages for Silking and dough stages, with Southeastern states slightly ahead of their averages. Conditions for both CO and PA were 25 points lower than last week, with NE down 9 and IA 6 points lower. Dr. Michael Cordonnier lowered his projected 2017 US corn yield 1.5 bpa from the previous estimate to 163.5 bpa. China will offer 800,000 of 2014 corn on Thursday, with another 3.65 MMT of 2013 and 2014 corn to be offered on Friday.
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