Corn Prices Hit A Contract Low

11 Aug in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures--- Corn futures are currently trading at 3.71 after settling last Friday in Chicago at 3.81 a bushel down about $0.10 also reacting very negative to yesterday's USDA crop report with estimates of 169.5 bushels per acre which could produce around 14.2 billion bushels which was much higher than expected as ideal weather conditions persist in the Midwestern part of the United States as final production numbers could be raised down the road.

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