Corn Market News and Commentary

Corn futures are trading 1 to 2 cents higher in the front months on Friday. A private export sale of 300,000 MT of corn for 2018/19 delivery to China was announced by the USDA this morning. An updated Farm Futures survey released this morning indicated 90.9 million planted corn acres for 2019. A Reuters report estimates ~13% of the US ethanol capacity is offline at the moment due to the recent flooding and both bridge and rail damage. Total export commitments for corn are 7.4% below this time last year. They are 69% of the USDA projected full year amount vs. the average of 78% for this date.

May 19 Corn is at $3.78 1/4, up 2 cents,

Jul 19 Corn is at $3.87, up 1 1/2 cents,

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

Dec 19 Corn is at $4.00, up 1 1/4 cents

--provided by Brugler Marketing & Management




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