Corn

Corn futures are showing fractional gains ahead of Friday’s barrage of USDA reports. Old crop corn export sales totaled 437,745 MT for the week of Jan 4 in this morning’s USDA report. That was an improvement over last week’s MY low, but still lags the first week in 2017 by 27.44%. Analysts expectations were in the range of 350,000-650,000 MT. Shipments of 889,815 MT were also reported, a 28.24% jump over the same time last year. Ahead of Friday’s USDA reports, analysts are expecting 17/18 world ending stocks to be trimmed nearly 1.5 MMT to 202.6 MMT. Thursday’s CONAB report showed expected 17/18 Brazilian production at 92.3 MMT, up 0.1 MMT from December’s estimate.

Mar 18 Corn is at $3.49 3/4, up 3/4 cent,

May 18 Corn is at $3.57 3/4, up 3/4 cent,

Jul 18 Corn is at $3.65 3/4, up 3/4 cent

Sep 18 Corn is at $3.73 3/4, up 3/4 cent




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

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.