Corn Market News and Commentary

Corn futures are currently 2 to 3 cents higher after losing 5 to 7 1/4 cents in most contracts on Tuesday. Weaker ethanol prices and a lack of Export Sales news are weighing on the market. According to DTN’s national 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 2018/19 time period.

--provided by Brugler Marketing & Management




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