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




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