Corn futures closed the Wednesday session with most contracts within a penny of UNCH. Nearby were lower, with back months higher. World ending stocks are expected to be cut by 3.73 MMT to 199.36 MMT on lower world production and US ending stocks in tomorrow’s monthly USDA report. The weekly EIA report showed daily ethanol production at 1.057 barrels per day during the week of 3/2. That was 13,000 bpd above the previous week. All regions showed a buildup in ethanol stocks, with a weekly increase of 165,000 barrels to 23.144 million barrels. The USDA is expected to show 1-1.5 MMT in old crop export sales for the week of March 1 tomorrow, with new crop at 0-100,000 MT.

Mar 18 Corn closed at $3.79 1/4, down 1/2 cent,

May 18 Corn closed at $3.87 1/4, down 1 cent,

Jul 18 Corn closed at $3.94 1/2, down 1 cent

Sep 18 Corn closed at $3.99 3/4, down 3/4 cent

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

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.