AgriCharts Market Commentary

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.

Corn Market News and Commentary

December 13, 2018

Corn futures ended the Thursday session with most contracts steady to a penny lower. Dec futures expire on Friday. This morning’s USDA Export Sales report showed 18/19 corn sales in the week of 12/6 at 903,164 MT, shy of trade estimates. That was down 23.3% from last week but still 4.18% larger than this time last year. Japan was the lead buyer of 608,400 MT, with 234,600 MT sold to Mexico. For 2019/20 marketing year sales, USDA reported 161,440 MT. Export shipments were down from the week prior at 952,132 MT, but still 37.83% above the same week a year ago.

Dec 18 Corn closed at $3.75 1/2, down 3/4 cent,

Mar 19 Corn closed at $3.84 1/4, down 1 cent,

May 19 Corn closed at $3.91 3/4, down 1 cent

Jul 19 Corn closed at $3.98 1/4, down 1/2 cent

--provided by Brugler Marketing & Management

Corn Market News and Commentary

December 13, 2018

Corn futures are fractionally mixed at Thursdays midday. Dec futures expire on Friday. This morning’s USDA Export Sales report showed 18/19 corn sales in the week of 12/6 at 903,164 MT, shy of trade estimates. That was down 23.3% from last week but still 4.18% larger than this time last year. Japan was the lead buyer of 608,400 MT, with 234,600 MT sold to Mexico. Unknown destinations had net reductions of 220,100 MT, with most of that switched to a destination. For 19/20 sales, 161,440 MT were reported in that week.

Dec 18 Corn is at $3.76 1/2, up 1/4 cent,

Mar 19 Corn is at $3.85, down 1/4 cent,

May 19 Corn is at $3.92 3/4, unch ,

Jul 19 Corn is at $3.98 3/4, unch

--provided by Brugler Marketing & Management

Corn Market News and Commentary

December 13, 2018

Corn futures are fractionally higher ahead of the weekly Export Sales report. Most contracts closed steady to 1 1/4 cents higher on Wednesday. Yesterday morning’s weekly EIA report showed ethanol production for the week of 12/7 at 1.046 million barrels per day. That was down 23,000 bpd from the week prior and well below this time last year. Ethanol stocks were down 140,000 barrels to 22.890 million barrels. Trade estimates for this morning’s weekly USDA Export Sales report are running 1-1.5 MMT for the week that ended December 6. On Tuesday, USDA hiked projected EU 18/19 corn production at 60.4 MMT, up 0.9, with Ukraine up 1.5 to 35 MMT.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

December 12, 2018

Corn futures saw most contracts steady to 1 1/4 cents higher on Wednesday. This morning’s weekly EIA report showed ethanol production for the week of 12/7 at 1.046 million barrels per day. That was down 23,000 bpd from the week prior and well below this time last year. Ethanol stocks were down 140,000 barrels to 22.890 million barrels. Export Sales estimates ahead of Thursday’s regularly scheduled release are for 18/19 corn sales to total 1-1.5 MMT for during week that ended on 12/6. On Tuesday, USDA projected EU 18/19 corn production at 60.4 MMT, up 0.9, with Ukraine up 1.5 to 35 MMT.

Dec 18 Corn closed at $3.76 1/4, up 1 1/4 cents,

Mar 19 Corn closed at $3.85 1/4, up 1/2 cent,

May 19 Corn closed at $3.92 3/4, up 1/2 cent

Jul 19 Corn closed at $3.98 3/4, unch

--provided by Brugler Marketing & Management

Corn Market News and Commentary

December 12, 2018

Corn futures are showing fractional gains on Wednesday. This morning’s weekly EIA report showed ethanol production for the week of 12/7 at 1.046 million barrels per day. That was down 23,000 bpd from the week prior and well below this time last year. Ethanol stocks were down 140,000 barrels to 22.890 million barrels. USDA left the expected cash price midpoint UNCH at $3.60 per bushel. USDA projected EU 18/19 production at 60.4 MMT, up 0.9, with Ukraine up 1.5 to 35 MMT.

Dec 18 Corn is at $3.76 1/2, up 1 1/2 cents,

Mar 19 Corn is at $3.85 1/4, up 1/2 cent,

May 19 Corn is at $3.92 1/2, up 1/4 cent

Jul 19 Corn is at $3.99, up 1/4 cent

--provided by Brugler Marketing & Management


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