BRUG - Wed Jan 03, 4:49PM CST

Corn futures closed the Wednesday session with most contracts steady to fractionally lower. The weekly EIA report will be out on Thursday morning. Last week’s report showed production at 1.09 million bpd for the week of 12/22. Total export commitments of corn are 54% of the USDA full year projection, vs. 64% last year and the average of 57% for this date. Corn exports out of Brazil during December totaled 3.99 MMT according to the country’s trade ministry. That is up 13.84% from November and nearly 4 times as large as December 2016. Soil moisture is expected to decline in southern Brazil, Argentina and Uruguay over the next week, driven by higher temps and limited rainfall during early pollination.

Mar 18 Corn closed at $3.53, down 1/4 cent,

May 18 Corn closed at $3.61 1/4, unch,

Jul 18 Corn closed at $3.69 1/2, down 1/4 cent

Sep 18 Corn closed at $3.77, down 1/4 cent

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

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.