Corn Market News and Commentary

Corn futures ended the Wednesday session with most contracts steady to fractionally higher. A stronger dollar limited gains. The weekly EIA report will be released on Friday this week due to the holiday. There was no USDA Grain Crush report this afternoon because of the government shutdown. Brazil exported 4.014 MMT of corn in December according to Trade Ministry data, which was slightly large than the 3.99 MMT for November and a year ago. They also exported 107.43 million liters (28.38 million gallons) of ethanol in Dec, down from November but well above last year. Dr. Michael Cordonnier trimmed his Brazilian corn production number by 1 MMT to 94 MMT.

Mar 19 Corn closed at $3.75 3/4, up 3/4 cent,

May 19 Corn closed at $3.83 1/2, up 1/2 cent,

Jul 19 Corn closed at $3.91, up 1/4 cent

Sep 19 Corn closed at $3.93 3/4, up 1/4 cent

--provided by Brugler Marketing & Management

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