Wednesday, February 8, 2012

corn stock futures prices outlook feb 8 2012

corn stock futures prices outlook feb 8 2012 : Corn futures are trading lower at midsession. The market is being pressured by positioning ahead of the USDA reports due out on Thursday morning.

The smaller corn crop in South America is expected to encourage USDA to raise its export forecast and lower the U.S. ending stock estimate by about 50 million bushels. Losses are being limited by weakness in the dollar index. March is trading 3 1/4 cents lower at $6.41 and May is 3 1/2 cents lower at $6.47 3/4. For the latest updates on the stock market, visit Stock Market Today
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