BRUG - Thu Dec 07, 4:04PM CST

Corn futures saw fractional to 1 1/4 cent losses on Thursday. The USDA indicated that 876,394 MT of corn was sold for 2017/18 export during the week ending 11/30, within the range of expectations. That was up 46.27% from the previous week and 15.08% larger than this week last year. Columbia was the largest buyer at 173,700 MT, as Mexico purchased 150,300 MT. Export shipments of corn totaled just 592,319 MT, down 9% wk/wk and 26.76% lower than this time a year ago. The primary destination was Mexico, with 203,600 MT shipped. The Buenos Aires Grain Exchange estimates the Argentina corn crop at 40.4% planted, lagging last year’s pace of 48%.

Dec 17 Corn closed at $3.38 3/4, down 1/2 cent,

Mar 18 Corn closed at $3.51 1/2, down 1 1/4 cents,

May 18 Corn closed at $3.60, down 1 cent

Jul 18 Corn closed at $3.68 1/2, down 3/4 cent

Market Commentary provided by:

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