AgriCharts Market Commentary

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Corn Market News and Commentary

February 20, 2019

Corn futures are trading 1 to 2 1/4 cents higher at the moment. They closed the Tuesday session with most contracts 2 to 5 cents lower, with selling pressure coming from wheat. The weekly Export Inspections report showed weekly corn shipments of 941,811 MT through Feb 14. That was slightly below last year but 25.34% larger than the previous week. Mexico and Japan were the top two destinations in that week. Inspections YTD are still 44.90% larger than the same period last year. A Reuters poll of analysts shows Brazil’s estimated second crop corn plantings at 12 million hectares (29.65 million acres).

--provided by Brugler Marketing & Management

Corn Market News and Commentary

February 19, 2019

Corn futures closed the Tuesday session with most contracts 2 to 5 cents lower, with pressure coming from wheat. The weekly Export Inspections report showed shipments of 941,811 MT of corn in the week of 2/14. That was slightly below last year but 25.34% larger than the previous week. Mexico and Japan were the top two destinations in that week. Inspections YTD are still 44.90% larger than the same time frame last year. The EIA report will be pushed back to Thursday this week due to Monday’s President’s Day holiday. A Reuters poll of analysts shows Brazil’s estimated second crop corn acreage at 12 million hectares (29.65 million acres).

Mar 19 Corn closed at $3.69 3/4, down 5 cents,

May 19 Corn closed at $3.78, down 4 3/4 cents,

Jul 19 Corn closed at $3.86, down 4 1/2 cents

Sep 19 Corn closed at $3.90 3/4, down 3 1/2 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

February 19, 2019

Corn futures are down 4 to 5 1/2 cents in most contracts on Tuesday, pressured by the rest of the grain complex. The weekly Export Inspections report showed shipments of 941,811 MT of corn in the week of 2/14. That was slightly below last year but 25.34% larger than the previous week. Mexico and Japan were the top two destinations in that week. Inspections YTD are still 44.90% larger than the same time frame last year. The EIA report will be pushed back to Thursday this week due to Monday’s President’s Day holiday.

Mar 19 Corn is at $3.69 1/4, down 5 1/2 cents,

May 19 Corn is at $3.77 1/2, down 5 1/4 cents,

Jul 19 Corn is at $3.85 1/4, down 5 1/4 cents

Sep 19 Corn is at $3.89 3/4, down 4 1/2 cents

--provided by Brugler Marketing & Management

Corn Market News and Commentary

February 19, 2019

Corn futures are currently steady to 1 1/4 cents higher since ending the Friday session with most contracts fractionally mixed. Dalian futures (China) traded at the lowest prices since January 16 on Monday. A private export sale of 205,744 MT of corn was reported by the USDA on Friday morning for 2018/19 delivery to unknown destinations. Safras & Mercado trimmed their Brazil production estimate slightly to 93.305 MMT, a little under the 94.5 MMT from Feb 8 USDA figure.

--provided by Brugler Marketing & Management

Corn Market News and Commentary

February 15, 2019

Corn futures ended the Friday session with most contracts fractionally mixed. CBOT will be closed on Monday in observance of Presidents Day. A private export sale of 205,744 MT of corn was reported by the USDA this morning for 2018/19 delivery to unknown destinations. Safras & Mercado trimmed their Brazil production estimate slightly to 93.305 MMT on Friday, compared to 94.5 MMT from the USDA. Another South Korean importer purchased 69,000 MT of optional origin corn on Friday, following several other tenders this week.

Mar 19 Corn closed at $3.74 3/4, unch,

May 19 Corn closed at $3.82 3/4, down 1/4 cent,

Jul 19 Corn closed at $3.90 1/2, down 1/4 cent

Sep 19 Corn closed at $3.94 1/4, 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