AgriCharts Market Commentary

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Corn Market News and Commentary

Corn futures ended the Thursday session with most contracts 2 to 4 3/4 cents higher. Corn in flooded grain bins is considered contaminated and cannot be sold commercially. Numerous on farm bins and some commercial ground piles have been flooded. NASS is unlikely to be able to quantify such losses until the June stocks report. Forecasts are showing moisture among already flooded areas in the coming weeks, furthering the ideas of prevent plant acres. This morning’s USDA Export Sales report indicated that 855,944 MT of old crop corn was booked in the week of 3/14, with 60,000 MT for new crop. Combined sales were down 37.08% from the same week a year ago. Japan was the main purchaser of 406,800 MT for combined old and new crop.

May 19 Corn closed at $3.76 1/4, up 4 3/4 cents,

Jul 19 Corn closed at $3.85 1/2, up 4 1/2 cents,

Sep 19 Corn closed at $3.91 3/4, up 3 3/4 cents

Dec 19 Corn closed at $3.98 3/4, up 3 1/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are showing 3 to 5 1/2 cent gains in most contracts on Thursday. Corn in flooded grain bins is considered contaminated and cannot be sold commercially. NASS is unlikely to be able to quantify such losses until the June stocks report. Forecasts are showing moisture in the coming weeks, furthering the ideas of prevent plant acres. This morning’s USDA Export Sales report indicated that 855,944 MT of old crop corn was booked in the week of 3/14, with 60,000 MT for new crop. Combined sales were down 37.08% from the same week a year ago. Japan was the main purchaser of 406,800 MT for combined old and new crop.

May 19 Corn is at $3.77, up 5 1/2 cents,

Jul 19 Corn is at $3.86, up 5 cents,

Sep 19 Corn is at $3.92, up 4 cents

Dec 19 Corn is at $3.99, up 3 1/2 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are currently 1 to 1 3/4 higher after fractional gains in most contracts on Wednesday. Corn in flooded grain bins is considered contaminated and cannot be sold commercially. NASS is unlikely to be able to quantify such losses until the June stocks report. The weekly EIA report indicated ethanol production in the week that ended on 3/15 slipped 1,000 barrels per day to 1.004 million bpd. Stocks at the end of that week rose 681,000 barrels wk/wk to a record 24.412 million barrels. The Midwest neared their record totals, up 383,000 barrels as rail movement was hindered due to flooding. Export sales for the week of 3/14 are expected to total 0.6-1 MMT for old crop corn in tomorrow morning’s USDA report, with new crop at 0-300,000 MT.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures saw fractional gains in most contracts on Wednesday. The weekly EIA report indicated ethanol production in the week that ended on 3/15 slipped 1,000 barrels per day to 1.004 million bpd. Stocks at the end of that week rose 681,000 barrels wk/wk to a record 24.412 million barrels. The Midwest neared their record totals, up 383,000 barrels as rail movement was hindered due to flooding. Export sales for the week of 3/14 are expected to total 0.6-1 MMT for old crop corn in tomorrow morning’s USDA report, with new crop at 0-300,000 MT.

May 19 Corn closed at $3.71 1/2, up 1/4 cent,

Jul 19 Corn closed at $3.81, up 1/4 cent,

Sep 19 Corn closed at $3.88, up 1/2 cent

Dec 19 Corn closed at $3.95 1/2, up 1/4 cent

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are steady to fractionally lower in most contracts on Wednesday, pressured by weak ethanol data. The weekly EIA report indicated ethanol production in the week that ended on 3/15 slipped 1,000 barrels per day to 1.004 million bpd. Stocks at the end of that week rose 681,000 barrels wk/wk to a record 24.412 million barrels. The Midwest neared their record totals, up 383,000 barrels as rail movement was hindered due to flooding. Export sales for the week of 3/14 are expected to total 0.6-1 MMT for old crop corn in tomorrow morning’s USDA report, with new crop at 0-300,000 MT.

May 19 Corn is at $3.70 1/2, down 3/4 cent,

Jul 19 Corn is at $3.80, down 3/4 cent,

Sep 19 Corn is at $3.87, down 1/2 cent

Dec 19 Corn is at $3.94 3/4, down 1/2 cent

--provided by Brugler Marketing & Management


Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com