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

April 20, 2018

Corn futures closed the Friday session with 4 3/4 to 5 1/2 cent losses. Front month May was down 2.52% since last Friday. Friday’s CFTC Commitment of Traders report indicated spec funds in corn futures and options trimming their net long position by 36,643 contracts. Their net position was at 138,244 contracts as of Tuesday. China sold another 2.886 MMT of corn from 2014 on Friday, which was 72.75% of the total offered. The country’s Ag Ministry also estimated that the 2018 corn crop would rise slightly from the previous year to 218 MMT. Brazil’s first season corn crop harvest was estimated at 77% complete by AgRural on Friday afternoon.

May 18 Corn closed at $3.76 1/2, down 5 1/2 cents,

Jul 18 Corn closed at $3.85 1/2, down 5 1/2 cents,

Sep 18 Corn closed at $3.93, down 5 1/2 cents

Dec 18 Corn closed at $4.02 1/2, down 5 1/2 cents

Corn

April 20, 2018

Corn futures are currently 3 to 4 cents in the red on Friday. Export commitments are now just a fraction behind the same time last year, and are 87% of the USDA full year export projection. The typical pace would show 85% of the export commitments reached by this point, with a year ago at 90%. China sold another 2.886 MMT of corn from 2014 on Friday, which was 72.75% of the total offered. The country’s Ag Ministry also estimated that the 2018 corn crop would rise slightly from the previous year to 218 MMT. The Buenos Aires Grain Exchange estimates that Argentina’s corn crop is 29.5% harvested vs. the average of 24.1%.

May 18 Corn is at $3.78 1/4, down 3 3/4 cents,

Jul 18 Corn is at $3.87, down 4 cents,

Sep 18 Corn is at $3.94 3/4, down 3 3/4 cents

Dec 18 Corn is at $4.04, down 4 cents

Corn

April 20, 2018

Corn futures are trading 2 to 2 cents per bushel lower this morning. They ended the Thursday session with fractional to 1 cent losses in most contracts. Thursday morning’s USDA Export Sales report showed corn export shipments for the week of 4/12 at 1.594 MMT. That was down 16.6% from a week ago but 48% larger than the same week last year. Export commitments are now just a fraction behind the same time last year, and are 87% of the USDA full year export projection. The typical pace would show 85% of the export commitments reached by this point, with a year ago at 90%. The Buenos Aires Grain Exchange estimates that Argentina’s corn crop is 29.5% harvested vs. the average of 24.1%.

Corn

April 19, 2018

Corn futures ended the Thursday session with fractional to 1 cent losses in most contracts. This morning’s USDA Export Sales report showed old crop sales of 1.092 MMT during the week of 4/12, on the high side of expectations. That was a 29.97% jump from the previous week and 47.92% larger than last year. New crop sales were reported at 112,220 MT. Corn export shipments for that week were 1.594 MMT, down 16.6% from a week ago but 48% larger than the same week last year. China sold 2.696 MMT of corn from state reserves on Thursday, which was 91.15% of the total offered. The Buenos Aires Grain Exchange estimates that Argentina’s corn crop is 29.5% harvested vs. the average of 24.1%.

May 18 Corn closed at $3.82, down 1 cent,

Jul 18 Corn closed at $3.91, down 3/4 cent,

Sep 18 Corn closed at $3.98 1/2, down 3/4 cent

Dec 18 Corn closed at $4.08, down 1/2 cent

Corn

April 19, 2018

Corn futures are currently 1 to 2 cents lower on Thursday. This morning’s USDA Export Sales report showed old crop sales of 1.092 MMT during the week of 4/12, on the high side of expectations. That was a 29.97% jump from the previous week and 47.92% larger than last year. The lead buyer was Colombia at 246,300 MT, with a total of 180,900 MT shown for net reduction to unknown. New crop sales were reported at 112,220 MT. China sold 2.696 MMT of corn from state reserves on Thursday, which was 91.15% of the total offered.

May 18 Corn is at $3.81 1/4, down 1 3/4 cents,

Jul 18 Corn is at $3.90 1/4, down 1 1/2 cents,

Sep 18 Corn is at $3.97 3/4, down 1 1/2 cents


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