Corn Market Commentary

Corn futures are fractionally mixed at midday after some light pre-weekend position squaring faded. Rains are expected over the next week along the northern part of the Corn Belt according to the 7-day QPF model. As of last Thursday, total export commitments for corn (including the first 6 days of shipments and all unshipped sales) totaled 25% of the USDA export projection of 2.4 bbu. The average for that time is 24% complete. An auction of Chinese state reserves saw 1.026 MMT of corn sold on Friday, totaling 25.69% of the amount offered.

Sep 18 Corn is at $3.37 1/2, up 1 1/4 cents,

Dec 18 Corn is at $3.50 1/2, unch ,

Mar 19 Corn is at $3.62 1/2, down 1/4 cent

May 19 Corn is at $3.71, down 1/4 cent

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.