Corn futures are trading 4 1/4 to 4 3/4 cents higher in the front months on Turnaround Tuesday. The weekly Crop Progress report last night showed that 94% of the US corn crop was emerged as of Sunday, even with the average and 1% lower than last year. Corn ratings were down 1% to 67% good/excellent. The Brugler500 index rating was 367, down 4 from last week and 18 points below the same time last year. Il, IA, and IN showed slightly lower conditions, with the Dakotas dropping significantly. SD was down 33 points to 327, with ND down 13 to 350 points. Informa Economics increased their 2017 US corn acreage projection to 90.186 million acres, up from their May estimate of 89.7 million acres.

Jul 17 Corn is at $3.81 3/4, up 4 1/2 cents,

Sep 17 Corn is at $3.89 3/4, up 4 3/4 cents,

Dec 17 Corn is at $4.00, up 4 1/2 cents

Mar 18 Corn is at $4.09, up 4 1/4 cents

Market Commentary provided by:

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

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