Corn Market News and Commentary
BRUG - Mon Mar 11, 5:23PM CDT

Corn futures ended the Monday session with most contracts 1 to 2 1/4 cents lower. USDA’s delayed Export Inspections report showed 765,618 MT of corn shipped in the week of March 7. That was down 11.54% from the week prior and 44.41% below the same week in 2018. Shipments YTD are still 6.21 MMT (244 mbu) ahead of last year but the lead is shrinking. USDA trimmed their US average farm price range by a dime on Friday to $3.35-3.75, with the midpoint down a nickel to $3.55. USDA left their Brazil corn projection at 94.5 MMT on Friday, with CONAB updating their estimate on Tuesday.

Mar 19 Corn closed at $3.52 1/2, down 2 1/4 cents,

May 19 Corn closed at $3.62, down 2 1/4 cents,

Jul 19 Corn closed at $3.71 1/2, down 2 cents

Sep 19 Corn closed at $3.78 1/4, down 2 cents

--provided by Brugler Marketing & Management




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