Corn

Corn futures are currently 1 3/4 cents lower in most nearby contracts on Monday. Total export commitments have filled 39.66% of the current USDA export projection, compared to 47% last year and the average of 43%. Analysts are expecting the USDA to show the corn harvest at 83% complete this afternoon. The USDA Export Inspections report showed corn shipments of a very slow 375,951 MT during the week of November 9. That is 45.12% lower than this time last year and 17.62% below the previous week. The CFTC Commitment of Traders report was delayed until this afternoon due to the federal Veteran’s Day observance on Friday.

Dec 17 Corn is at $3.42 1/4, down 1 1/4 cents,

Mar 18 Corn is at $3.55, down 1 3/4 cents,

May 18 Corn is at $3.63 1/2, down 1 3/4 cents

Jul 18 Corn is at $3.71 1/4, down 1 3/4 cents




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

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