Corn Market Commentary

Corn futures are mostly 1 to 2 cents lower on Tuesday, with traders positioning themselves before Thursday. This morning’s delayed USDA Export Inspections report showed 1.351 MMT of corn shipped in the week that ended on October 4. That was more than double the same week last year but slightly lower than the week prior. Total accumulated exports are now 5.806 MMT, just over a month into the MY, 62.1% larger than this time last year. A survey of analysts shows expectations for corn harvest to be 34% completed in this afternoon’s Crop Progress report, with conditions slightly lower.

DEC 18 Corn is at $3.64 1/2, down 2 cents,

MAR 19 Corn is at $3.76 1/2, down 2 cents,

MAY 19 Corn is at $3.83 1/2, down 1 3/4 cents

JUL 19 Corn is at $3.88 3/4, down 2 cents

--provided by Brugler Marketing & Management, Call (402) 289-2330

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