Corn futures are currently 3 to 4 cents lower on Friday, with pressure coming from wheat. Export commitments of corn slipped slightly from last week but are still down just 0.76% from a year ago. They are 85% of the full year WASDE forecast and running above the average pace of 84% for this date. China sold another 2.627 MMT of corn (from 2014) from state reserves on Friday, totaling 85.01% of the offered amount. There was also 301,850 MT of 2013 corn sold. The Argentine Ag Ministry estimates that the country’s corn harvest is 31% complete, compared to the average of 25% for this date.

May 18 Corn is at $3.85 1/4, down 3 1/2 cents,

Jul 18 Corn is at $3.93 1/2, down 3 3/4 cents,

Sep 18 Corn is at $4.00 1/4, down 4 cents

Dec 18 Corn is at $4.09 1/2, down 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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.