Corn Market Not Motivated By Slow Harvest Pace
BRUG - Tue Nov 26, 7:24AM CST

Corn futures are mostly a penny lower this morning after gaining a couple cents on Monday. The stock market and the USD are both hovering near UNCH. The USDA’s weekly Crop Progress Report showed corn harvest now 84% complete for the 18 states the USDA tracks. The progress improved 8 percentage points over last week, but with snow in the forecast progress over the next week may slow down. The average pace for this time of year is 96% completed. USDA export inspections data for the week ending 11/21 showed 604,592 MT inspected for export. The previous week saw 651,147 MT and the same week last year was 1.182 MMT. The accumulated export inspections for the market year are now at 5.598 MMT, which is 57.48% below last year’s pace.

--provided by Brugler Marketing & Management

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