Corn Market News and Commentary

Corn futures saw 1 to 2 cent gains in most contracts on Friday, with May up 1.34% this week. A private export sale of 300,000 MT of corn for 2018/19 delivery to China was announced by the USDA this morning. Friday afternoon’s Commitment of Traders report indicated that spec traders in corn futures and options extended their record reported net short position for the week that ended on 3/19 to 261,326 contracts. 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 closed at $3.78 1/4, up 2 cents,

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

Sep 19 Corn closed at $3.93 1/4, up 1 1/2 cents

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

--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

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.