Corn Market News and Commentary

Corn futures posted sharp 5 to 7 1/4 cent losses in most contracts on Tuesday. Weaker ethanol prices and lack of Export Sales news is weighing on the demand market. The weekly EIA report will be released per the normal Wednesday morning schedule. According the DTN’s nation corn index, the average cash price for corn was $3.45 3/4 on Monday evening, which is 29 1/2 cents above last year. That would peg basis at -32 3/4 cents, 3/4 of a cent weaker than the same day in 2018. A Ukrainian consultant firm estimates that the country will export 25.75 MMT of corn in the July-June 18/19 time period.

Mar 19 Corn closed at $3.71 1/4, down 7 1/4 cents,

May 19 Corn closed at $3.79 3/4, down 7 1/4 cents,

Jul 19 Corn closed at $3.87 1/2, down 7 1/4 cents

Sep 19 Corn closed at $3.91 1/2, down 6 1/2 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

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.