Corn

Corn futures are showing fractional movement in most contracts at midday, with nearby March down 3/4 cent and other contracts steady to higher. The USDA Export Inspections report indicated that 947,642 MT of corn was shipped during the week of 3/1. That was a drop of 28% from the previous week and down 34.65% from the same week in 2017. As of last Tuesday, managed money held a net long position of 59,120 contracts, moving 40,446 contracts to the long side since the previous week. Consultant Informa is projecting 33.5 MMT for the 17/18 Argentine corn crop. 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. AgRural projects the crop at 89.9 MMT, as they estimate 63% of the second crop is planted vs. 75% last year.

Mar 18 Corn is at $3.76 1/2, down 3/4 cent,

May 18 Corn is at $3.85 1/2, up 1/4 cent,

Jul 18 Corn is at $3.92 1/2, unch ,

Sep 18 Corn is at $3.98, up 1/4 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.