June 9, 2017 – USDA World Supply and Demand Estimates

Corn
Market Reaction: July 2017 corn futures closed up 2 cents at $3.87 ¾ with a trading range for the day of $3.80 ¾ to $3.89 ½. December 2017 corn futures closed up 2 ¼ cents at $4.06 with a trading range for the day of $3.98 ½ to $4.07. USDA is currently projecting global corn ending stocks to contract over 1 billion bushels from 2016/17 to 2017/18. This is positive to long term price prospects; however US growing conditions and production will be important if this reduction is to materialize. Continue reading at June 9, 2017 USDA World Supply & Demand Estimates.