Corn

Corn futures are hovering near UNCH this morning after closing the Tuesday session steady to fractionally mixed. As of Monday night, the average cash corn price in the US was $3.08 1/4 just 2 cents below last year with slower exports and larger carryover. The national basis was at -36 3/4 cents, 2 3/4 stronger than a year ago. Safras & Mercado estimates that 61% of Brazil’s 2017 second corn crop has been sold by producers, compared to 83.3% in the same timeframe last year. The 2017/18 first crop plantings (about 82% done) may only cover 3.85 mHA vs 5.3 mHA last year.




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

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