Corn futures closed the Monday session with most contracts 1 to 2 cents in the green. Support came from feed demand shown in Friday’s Cattle on Feed report. This morning’s Export Inspections report indicated corn shipments of 632,793 MT. That was an increase of 58.85% over last week, but still lags this time last year by 27.77%. Total shipments YTD are now lagging last year by 43.92% at 6.584 MMT. This afternoon’s USDA Crop Progress report showed corn harvest progress at 90% complete. That lags the 5 year average pace of 95% and is 6% lower than this week last year.

Dec 17 Corn closed at $3.45, up 2 cents,

Mar 18 Corn closed at $3.56 1/2, up 1 1/2 cents,

May 18 Corn closed at $3.64 3/4, up 1 1/4 cents

Jul 18 Corn closed at $3.72 1/2, up 1 1/4 cents

Market Commentary provided by:

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