Corn

Corn futures are mostly 1-2 cents higher so far on Tuesday. Monday afternoon’s USDA Crop Progress report showed corn harvest 90% completed. Last year at this time showed 6 of the 18 major production states 100% harvested and 5 others with 97% complete. As of Sunday, the USDA showed only a total of 3 states at 97% or more with TN and NC 100% complete This is not a market factor, with overall stocks levels high. As of Monday night, the average cash corn price in the US was $3.08 1/4 just 2 cents below last year with slower exports and larger carryover. The national basis was at -36 3/4 cents, 2 3/4 stronger than a year ago.

Dec 17 Corn is at $3.44, down 1 cent,

Mar 18 Corn is at $3.55, down 1 1/2 cents,

May 18 Corn is at $3.63 1/4, down 1 1/2 cents

Jul 18 Corn is at $3.71, 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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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