Corn Down on Turnaround Tuesday Trades
BRUG - Tue Nov 26, 12:03PM CST

Corn futures are 1 1/2 to 2 1/4 cents lower since having gained a couple cents on Monday. The US stock market continues to post new all time highs, drawing speculative money away from commodities. South Korea purchased 60,000 MT of optional origin corn from private firms on Monday. Taiwan is tendering for 65,000 MT of corn. The USDA’s weekly Crop Progress Report showed corn harvest now 84% complete for the 18 states the USDA tracks. ND was 30% harvested, as compared to 23% last week and an average of 91%. Wisconsin was reported at 57% with an average of 85%, and MI was also behind their average pace, at 56% as compared to 83%.

DEC 19 Corn is at $3.68 1/4, down 2 1/4 cents,

MAR 19 Corn is at $3.79, down 1 3/4 cents,

MAY 20 Corn is at $3.85, down 1 1/2 cents

JUL 20 Corn is at $3.90, down 2 cents

--provided by Brugler Marketing & Management

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