Corn Market Fractionally Higher
BRUG - Thu Dec 12, 7:29AM CST

Corn futures are fractionally higher this morning after being down 4 3/4 to 6 1/4 cents on Wednesday and closing the chart gap from September. The dollar is close to UNCH after the FOMC left interest rates UNCH on Wednesday. It has been declining all month. The weekly EIA ethanol production was 12,000 barrels per day higher than last week, with the report showing 1.072 million bpd. Stocks were again higher by 1.176 million barrels at 21.815 million barrels. That was the biggest weekly build since June 28. The FSA report showed 87.117 million acres, which is up 1% from December of last year. The prevent plant was up 10 million acres over last December, at 11.432 million acres. Traders are anticipating corn export sales for the week ending 12/05 to be in the range of 400-800k MT for corn when USDA issues the report this morning.

---provided by Brugler Marketing & Management




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