Corn

Corn futures are show 1-2 cent losses in limited post-Thanksgiving trade. This morning's USDA Export Sales report indicated 17/18 sales of 1.08 MMT for the week of November 16, within the range of expectations. That was an increase of 13.83% over last year, but still lagged this time last year by 34.93%. Japan was the lead buyer at 289,000 MT, as Peru followed with 207,900 MT in purchases. There was an additional 25,500 MT in 18/19 sales. Analysts with AgroConsult estimate the 17/18 Brazil corn crop at 94.4 MMT, down 0.9 MMT from their September projection. That was mainly down due to a smaller first season crop, down 1.3 MMT at 24.8 MMT.

Dec 17 Corn is at $3.43 1/4, down 2 cents,

Mar 18 Corn is at $3.55 3/4, down 1 1/4 cents,

May 18 Corn is at $3.64 1/4, down 1 cent

Jul 18 Corn is at $3.72 1/4, down 1 cent




Market Commentary provided by:

Brugler Marketing & Management LLC
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Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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