Corn Futures PricesWed, Apr 26th, 2017
Latest Brugler Corn Report
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Corn futures are currently 3 to 4 cents lower in most contracts on Wednesday. Nervousness about NAFTA has trumped earlier weather concerns. Up to 7 inches of rain is expected between now and Monday in a band including most of AR, MO, IL and IN, eventually halting planting progress. This week’s EIA report showed ethanol production for the week ending April 21 down 6,000 barrels per day (bpd) to 987,000 bpd. At the same time, ethanol stocks were seen as rising 235,000 barrels to 23.269 million barrels. Both the East and West Coasts stocks grew as the Midwest, Gulf and Rocky’s stocks were lowered. Chinese Customs reports only 5,300 MT of corn was imported in March, an almost complete shutdown from all sources as they try to utilize existing stocks.
InsideFutures Grains News
Traditionally, trading of corn futures reaches a peak during the summer months, with corn prices affected by weather and plant-times. Buying and selling corn futures can insure traders against negative fluctuations in corn prices. Our tables are updated frequently to show the current corn quotes and corn futures prices.