Corn Market News and Commentary

Corn futures ended the Wednesday session with most contracts 3 to 4 1/2 cents lower. Despite higher crude prices, ethanol was lower, squeezing margins even tighter. A stronger dollar and general selling in the grains also weighed on market. The weekly USDA Export Inspections report was released this morning despite the partial government shutdown. It showed corn shipments of 996,098 MT during the week of 12/20, which was 12.4% larger than last week and 60.45% above this week a year ago. Accumulated inspections have reached 16.988 MMT (668.79 mbu) for this MY, 72.26% larger than the same point in 2017.

Mar 19 Corn closed at $3.73 1/4, down 4 1/2 cents,

May 19 Corn closed at $3.81 1/4, down 4 1/2 cents,

Jul 19 Corn closed at $3.88 3/4, down 4 cents

Sep 19 Corn closed at $3.91 1/4, down 3 1/2 cents

--provided by Brugler Marketing & Management




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