Corn Market Higher Ahead of Holiday
BRUG - Wed Nov 27, 7:26AM CST

Corn is fractionally higher in pre-holiday trade. Tuesday action saw corn futures give back 2 1/4 to 3 cents of Monday gains. The US stock market continues to post new all time highs, drawing speculative money away from commodities. Taiwan tendered for 65,000 MT of corn, with analysts expecting an Argentinean origin. The Brazilian Real touched an all-time low against the dollar at $.2364. The weak currency has helped to keep their prices down and along with the record second (formerly safrinha) corn crop has limited American corn exports. USDA expects Brazilian exports to be 36 MMT in this 2019/20 marketing year, down from 41 MMT last year. Trade estimates are heading toward 37 MMT or higher.

--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
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.