Corn Higher at Midday
BRUG - Wed Jun 12, 12:29PM CDT

Corn futures are showing 1 to 3 3/4 cent gains in most front months on Wednesday. Follow through buying and spill over from beans are supportive today. This morning’s EIA report showed ethanol production (and corn consumption) in the week of June 7 was the largest since last August. Production was 1.096 million barrels per day, up 52,000 bpd from the week prior. Ethanol stocks dropped 751,000 barrels to 21.802 million barrels, the lowest figure since last July. USDA raised their old crop corn cash average price by a dime on Tuesday to $3.60. New crop was bumped up 50 cents to an average price of $3.80.

Jul 19 Corn is at $4.31 1/2, up 3 3/4 cents,

Sep 19 Corn is at $4.39 3/4, up 3 1/2 cents,

Dec 19 Corn is at $4.50, up 3 cents

Mar 20 Corn is at $4.57 1/4, up 1 3/4 cents

--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

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.