AgriCharts Market Commentary

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Corn Market News and Commentary

Corn futures posted sharp 5 to 7 1/4 cent losses in most contracts on Tuesday. Weaker ethanol prices and lack of Export Sales news is weighing on the demand market. The weekly EIA report will be released per the normal Wednesday morning schedule. According the DTN’s nation corn index, the average cash price for corn was $3.45 3/4 on Monday evening, which is 29 1/2 cents above last year. That would peg basis at -32 3/4 cents, 3/4 of a cent weaker than the same day in 2018. A Ukrainian consultant firm estimates that the country will export 25.75 MMT of corn in the July-June 18/19 time period.

Mar 19 Corn closed at $3.71 1/4, down 7 1/4 cents,

May 19 Corn closed at $3.79 3/4, down 7 1/4 cents,

Jul 19 Corn closed at $3.87 1/2, down 7 1/4 cents

Sep 19 Corn closed at $3.91 1/2, down 6 1/2 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are trading 4 to 5 1/4 cents lower on Tuesday. Weaker ethanol prices and lack of Export Sales news is weighing on the demand market. The weekly EIA report will be released per the normal Wednesday morning schedule. According the DTN’s nation corn index, the average cash price for corn was $3.45 3/4 on Monday evening, which is 29 1/2 cents above last year. That would peg basis at -32 3/4 cents, 3/4 of a cent weaker than the same day in 2018. A Ukrainian consultant firm estimates that the country will export 25.75 MMT of corn in the July-June 18/19 time period.

Mar 19 Corn is at $3.73 1/4, down 5 1/4 cents,

May 19 Corn is at $3.82, down 5 cents,

Jul 19 Corn is at $3.89 3/4, down 5 cents

Sep 19 Corn is at $3.93 3/4, down 4 1/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are trading 1 to 2 cents higher this morning. They ended the Monday session with most fractionally higher. March continues to trade in a range of 15 1/4 cents dating back to November 30. The weekly Export Inspections report indicated that 1.014 MMT of corn was shipped in the week that ended on 1/10. That was more than double the previous week and 62.5% larger than the same week in 2018. Total shipments this MY to date are 61.4% larger than the same timeframe last year at 19.47 MMT (766.46 mbu). Thailand has temporarily halted imports of US DDGs due to a dispute about proper fumigation procedures.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures ended the Monday session with most contracts fractionally higher as USDA reported decent export numbers. March continues to trade in a range of 15 1/4 cents dating back to November 30. The weekly Export Inspections report (unaffected by the shutdown now at a record 24 days) indicated that 1.014 MMT of corn was shipped in the week that ended on 1/10. That was more than double the previous week and 62.5% larger than the same week in 2018. Total shipments this MY to date are 61.4% larger than the same timeframe last year at 19.47 MMT (766.46 mbu). Thailand has temporarily halted imports of US DDGs due to a dispute about proper fumigation procedures.

Mar 19 Corn closed at $3.78 1/2, up 1/4 cent,

May 19 Corn closed at $3.87, up 1/4 cent,

Jul 19 Corn closed at $3.94 3/4, up 1/2 cent

Sep 19 Corn closed at $3.98, up 3/4 cent

--provided by Brugler Marketing & Management

Corn Market News and Commentary

Corn futures are steady to 1 1/4 cents lower in most contracts on Monday despite decent export numbers. March continues to trade in a range of 15 1/4 cents dating back to November 30. The weekly Export Inspections report (unaffected by the shutdown now at a record 24 days) indicated that 1.014 MMT of corn was shipped in the week that ended on 1/10. That was more than double the week prior and 62.5% larger than the same week in 2018. Total shipments this MY are 61.4% larger than the same timeframe last year at 19.47 MMT (766.46 mbu). Thailand has temporarily halted imports of US DDGs due to a dispute about proper fumigation procedures.

Mar 19 Corn is at $3.77, down 1 1/4 cents,

May 19 Corn is at $3.85 1/2, down 1 1/4 cents,

Jul 19 Corn is at $3.93 1/4, down 1 cent

Sep 19 Corn is at $3.96 1/4, down 1 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
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