Corn Market News and Commentary
BRUG - Mon Mar 11, 7:30AM CDT

Corn futures are trading 1 to 1 1/2 cents higher this morning. They were mixed on Friday, with front months fractionally to 1 1/4 cents lower. May was down 2.35% last week. USDA increased US ending stocks for 2018/19 by 100 mbu to 1.835 bbu. That was due to a reduction to ethanol demand (-25 mbu) and lower exports (-75 mbu). Total export commitments are lagging a year ago by 1.5% but accumulated exports are 39.69% larger. No change was made to feed & residual use, as they will typically wait for the March 29 Grain Stocks report. Projected world ending stocks for 18/19 were down 1.25 MMT at 308.53 MMT on the world balance sheet, with China feed corn usage up 3 MMT. Friday’s CFTC report showed specs in corn futures and options adding 72,318 contracts to their net short position, taking it to 176,777 contracts as of March 5.

--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.