Corn Market News and Commentary

Corn futures saw fractional to 1 1/2 cent gains in most contracts on Tuesday. The Quarterly Grain Stocks report on Friday is expected to show 12.092 bbu of corn on hand on Dec 1 according to a Reuters survey. That would be down 475 mbu from last Dec 1 if realized. Final 2018 production numbers are estimated to see a yield of 177.9 bpa, down 1 bpa from the November update. Weekly ethanol stocks and production data will be updated on Wednesday from the EIA.

Mar 19 Corn closed at $3.80 3/4, up 1 1/2 cents,

May 19 Corn closed at $3.89, up 1 1/2 cents,

Jul 19 Corn closed at $3.96 1/2, up 1 1/4 cents

Sep 19 Corn closed at $3.99, up 3/4 cent

--provided by Brugler Marketing & Management

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