AgriCharts Market Commentary

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.

Corn Market News and Commentary

March 26, 2019

Corn futures saw 1 to 2 1/2 cent losses in most contracts on Turnaround Tuesday. Trade estimates for this Friday’s Planting Intentions report are averaging 91.332 million corn acres, with a range of 89.5 to 92.7 million acres. That would be up more than 2 million from last year if realized. Analysts also estimate March 1 corn stocks at 8.335 bbu, a drop of 557 mbu from the same time a year ago. USDA is unlikely to reflect grain lost to flooding in this report, as many bins are still unreachable and the survey was done at the beginning of the month. The EIA report will be released on Wednesday and is expected to show reduced production due to forced downtime.

May 19 Corn closed at $3.77 1/4, down 2 1/2 cents,

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

Sep 19 Corn closed at $3.93 1/4, down 2 cents

Dec 19 Corn closed at $4.00 1/4, down 1 1/2 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

March 26, 2019

Corn futures are showing 1 to 2 cent losses at midday on Turnaround Tuesday. Trade estimates for this Friday’s Planting Intentions report are averaging 91.332 million corn acres, with a range of 89.5 to 92.7 million acres. That would be up more than 2 million from last year if realized. Analysts also estimate March 1 corn stocks at 8.335 bbu, a drop of 557 mbu from the same time a year ago. USDA is unlikely to reflect grain lost to flooding in this report, as many bins are still unreachable and the survey was done at the beginning of the month. Individual state Crop Progress reports last night showed most Southern states (TX-38%, LA-50%, and MS-18%) other than AR (3%) are above their respective averages for planting progress, though they are all below last year.

May 19 Corn is at $3.77 3/4, down 2 cents,

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

Sep 19 Corn is at $3.93 1/2, down 1 3/4 cents

Dec 19 Corn is at $4.00 1/2, down 1 1/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

March 26, 2019

Corn futures are currently fractionally lower after they ended Monday with most contracts 1 to 2 cents higher. Short covering and rain in the forecast for an already saturated WCB supported the market. Monday’s USDA Export Inspections report showed 995,997 MT of corn shipped in the week of March 21. That was a 24% jump from the previous week but 25.14% below this time last year. Individual state Crop Progress reports last night showed most Southern states (TX-38%, LA-50%, and MS-18%) other than AR (3%) are above their respective averages for planting progress, though they are all below last year.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

March 25, 2019

Corn futures ended the Monday session with most contracts 1 to 2 cents higher. Short covering and rain in the forecast for an already saturated WCB supported the market. This morning’s USDA Export Inspections report showed 995,997 MT of corn shipped in the week of March 21. That was a 24% jump from the previous week but 25.14% below this time last year. Individual state Crop Progress reports tonight show the most Southern states (TX-38%, LA-50%, and MS-18%) other than AR (3%) are above their respective averages for planting progress, though they are all below last year. The final number for the 2018 Ukraine corn harvest was pegged at 35.8 MMT, vs, the current USDA estimate of 35.5 MMT.

May 19 Corn closed at $3.79 3/4, up 1 1/2 cents,

Jul 19 Corn closed at $3.89 1/4, up 1 3/4 cents,

Sep 19 Corn closed at $3.95 1/4, up 2 cents

Dec 19 Corn closed at $4.01 3/4, up 1 3/4 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

March 25, 2019

Corn futures are showing 1 to 2 1/4 cent gains in most contracts on Monday. This morning’s USDA Export Inspections report showed 995,997 MT of corn shipped in the week of March 21. That was a 24% jump from the previous week but 25.14% below this time last year. Friday afternoon’s Commitment of Traders report indicated that spec traders in corn futures and options extended their record net short position to 261,326 contracts as of March 19. The final number for the 2018 Ukraine corn harvest was pegged at 35.8 MMT, vs, the current USDA estimate of 35.5 MMT.

May 19 Corn is at $3.80, up 1 3/4 cents,

Jul 19 Corn is at $3.89 1/2, up 2 cents,

Sep 19 Corn is at $3.95 1/2, up 2 1/4 cents

Dec 19 Corn is at $4.02, up 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com