Corn

Corn futures are currently fractionally lower after posting 1 to 1 3/4 cent gains on Thursday. The USDA Export Sales report indicated shipments of corn for the week ending 4/5 were a marketing year (MY) high at 1.912 MMT. That is up 51.1% from the previous week and 19.68% larger than last year. Japan was the main destination of 435,000 MT, as 365,400 MT was shipped to Mexico. Export commitments of corn slipped slightly from last week but are still down just 0.76% from a year ago. They are running above the average pace of 84% to reach the USDA export projection at 85% complete. China sold 3.33 MMT of corn from state reserves on Thursday, totaling 92.77% of the offered amount.




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.