Corn futures are currently 2 to 3 cents lower in most contracts on Monday. The USDA reported a private export sale of 130,000 MT of corn to South Korea for 17/18 delivery through their daily reporting system this morning. The Export Inspections report this morning showed 1.074 MMT in corn shipments during the week of 2/1. That is 6.2% larger than the week prior but 4.4% lower than the same week in 2017. China is launching an anti-dumping probe into imports of US sorghum to the country. This may be in response to President Trump placing tariffs on Chinese solar panels and washing machines last week.

Mar 18 Corn is at $3.59 1/2, down 2 cents,

May 18 Corn is at $3.67 1/4, down 2 1/4 cents,

Jul 18 Corn is at $3.75, down 2 1/4 cents

Sep 18 Corn is at $3.82, down 2 1/2 cents

Market Commentary provided by:

Brugler Marketing & Management LLC
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