Corn Market Commentary

Corn futures are mostly 2 cents lower on profit taking ahead of Thursday’s USDA reports. The USDA Crop Progress report indicated that harvest was 34% complete as of Sunday, with the normal pace at 26%. All of the 18 reported states are above their normal pace, with IA only moving 4% on the week to 15%. Condition ratings were down 1% to 68% in the good/ex categories, with the Brugler500 index down 2 at 373. Ratings in IA dropped 11 points, with NE down 5, IN 3 points lower and MN down 2. The weekly EIA report is delayed until Thursday due to Monday’s federal holiday. Thursday’s monthly USDA report is expected to show world corn carryout for 18/19 at 159.2 MMT, up 2.17 MMT from September.

--provided by Brugler Marketing & Management (402) 289-2330

Dec 18 Corn is at $3.62, down 2 1/2 cents,

Mar 19 Corn is at $3.74, down 2 1/2 cents,

May 19 Corn is at $3.81 1/2, down 2 cents

Jul 19 Corn is at $3.87 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

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