AgriCharts Market Commentary

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Corn Market News and Commentary

January 23, 2019

Corn futures are trading 1 to 2 cents higher this morning. They ended the Tuesday session with most contracts 2 to 3 cents in negative territory. That was net new selling, with preliminary open interest rising 16,760 contracts during the decline. Weaker ethanol and spillover from soybeans pressured the market lower. USDA Export Inspections data on Tuesday morning showed that 1.108 MMT of corn was shipped in the week that ended 1/17. That was 9.28% larger than the week prior and 53.23% above the same time last year.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

January 22, 2019

Corn futures ended the Tuesday session with most contracts 2 to 3 cents in negative territory. Weaker ethanol and spillover from soybeans pressured the market lower. USDA Export Inspections data on Tuesday morning showed that 1.108 MMT of corn was shipped in the week that ended 1/17. That was 9.28% larger than the week prior and 53.23% above the same time last year. EU data released on Monday showed corn imports YTD (since July 1 for them) have totaled 9.25 MMT. That is up 45% from the previous year due to tight supplies stemming from drought last year.

Mar 19 Corn closed at $3.79, down 2 3/4 cents,

May 19 Corn closed at $3.87 1/4, down 2 3/4 cents,

Jul 19 Corn closed at $3.95, down 2 1/4 cents

Sep 19 Corn closed at $3.97, down 2 3/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

January 22, 2019

Corn futures are trading 1 to 2 1/2 cents lower on Tuesday. The government shutdown continues, as Democrats rejected President Trump’s compromise offer on DACA. USDA Export Inspections data on Tuesday morning showed that 1.108 MMT of corn was shipped in the week that ended 1/17. That was 9.28% larger than the week prior and 53.23% above the same time last year. EU data released on Monday showed corn imports YTD (since July 1 for them) have totaled 9.25 MMT. That is up 45% from the previous year due to tight supplies stemming from drought last year.

Mar 19 Corn is at $3.79 1/4, down 2 1/2 cents,

May 19 Corn is at $3.87 3/4, down 2 1/4 cents,

Jul 19 Corn is at $3.95 1/2, down 1 3/4 cents

Sep 19 Corn is at $3.97 1/2, down 2 1/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

January 22, 2019

Corn futures are currently 1 to 1 1/2 cents lower after seeing most contracts steady to 2 cents higher on Friday. March futures were up 0.93% in a week that saw a couple sizable swings. Higher ethanol prices supported the market on Friday. The government shutdown continues, as Democrats rejected President Trump’s compromise offer on DACA. Brazil’s first corn crop harvest is estimated at 1% complete according to AgRural. Wire sources indicate Turkey bought as much as 342,000 MT of corn in a recent series of tenders. Given the current state of relations, it is not clear that the US participated in the business. EU data released on Monday showed corn imports YTD (since July 1 for them) have totaled 9.25 MMT. That is up 45% from the previous year due to tight supplies stemming from poor crops.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

January 18, 2019

Corn futures saw most contracts steady to 2 cents higher on Friday. March futures were up 0.93% on the week that saw a couple sizable swings. Higher ethanol prices supported the market on Friday. The government shutdown is now in day 28, as the CFTC Commitment of Traders report will not be release until funding is restored. The markets will be closed on Monday for Martin Luther King Jr. Day. Brazil’s first corn crop harvest is estimated at 1% complete according to AgRural.

Mar 19 Corn closed at $3.81 3/4, up 1 3/4 cents,

May 19 Corn closed at $3.90, up 2 cents,

Jul 19 Corn closed at $3.97 1/4, up 1 3/4 cents

Sep 19 Corn closed at $3.99 3/4, up 1 1/4 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com