Corn Market News and Commentary

Corn futures are trading 1 to 3 cents higher this morning. They ended the Thursday session with most contracts 2 to 4 3/4 cents higher. Numerous on farm bins and some commercial ground piles have been flooded in the Midwest. NASS is unlikely to be able to quantify such losses until the June stocks report. Forecasts are showing more moisture in some already flooded areas in the coming weeks, fueling ideas of more prevent plant acres. The 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.

--provided by Brugler Marketing & Management




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