Corn futures are 1 to 1 3/4 cents lower this morning on year end position squaring. Trader ideas for the USDA weekly Export Sales report were too conservative at 0.6-1.1 MMT, with 0-50,000 MT seen for new crop. The USDA indicated old crop corn export sales of 1.245 MMT for the week ending December 21 in this morning’s Export Sales report, with another 102,900 MT sold for 2018/19 crop delivery. The market needs a lot more weeks like that to exceed the current WASDE forecast. Argentine corn planting progress is catching up to last year at this time, although still behind the 3 year average pace. Earlier delays will result in some maturity lag unless the heat units pick up.

Mar 18 Corn is at $3.50 3/4, down 1 1/4 cents,

May 18 Corn is at $3.59, down 1 1/4 cents,

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

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

Market Commentary provided by:

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

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.