Corn

Corn futures are trading fractionally higher this morning after they closed 1/4 to 1 1/2 cents lower on Friday. The exception is nearby March, down a penny. March was up 11 cents per bushel for the week. Total commitments for corn exports are now just 8% behind last year, gaining 2.5% since last week. The Buenos Aires Grain Exchange put Argentine corn crop conditions at 5.5% good with 76.4% rated as poor/very poor. They left their production estimate at 37 MMT for the 17/18 crop. Consultant Informa is projecting 33.5 MMT. A Bloomberg survey found that trade average guess was 36.5 MMT. The average expectation for Brazil was 91.6 MMT vs. the February USDA figure of 95 MMT.




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.