Corn futures settled the Tuesday session with most nearby contracts fractionally higher. A private export sale of 134,148 MT of corn was reported for 17/18 delivery to Mexico through the USDA’s daily export reporting system. The USDA Export Inspections report showed just 609,281 MT of corn shipments during the week of 12/21. That was 4.33% lower than last week and 37.95% behind the same week last year. Exports of corn for the 17/18 marketing year YTD are at 9.842 MMT, which is lagging last year by 40.03%. The weekly EIA report will be delayed until Thursday morning due to the shortened holiday week.

Mar 18 Corn closed at $3.52 3/4, up 3/4 cent,

May 18 Corn closed at $3.61, up 1/2 cent,

Jul 18 Corn closed at $3.69 1/2, up 3/4 cent

Sep 18 Corn closed at $3.76 3/4, up 3/4 cent

Market Commentary provided by:

Brugler Marketing & Management LLC
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