Wednesday Corn Fractionally Mixed

Corn prices are moving fractionally to 1 cent lower by midday, with the March futures gaining 1/4 of a cent. The EIA’s weekly update containing ethanol production data will be delayed by a day due to the MLK federal holiday on Monday. Corn exports total 9.431 MMT as of the week ending 01/16, that is 20.915% of the January WASDE’s MY forecast, and 54.25% behind the 18/19 MY pace, the Jan WASDE projects MY exports to total 14.05% less than the 18/19 MY.

Mar 20 Corn is at $3.87 3/4, up 1/4 cent,

May 20 Corn is at $3.93 1/4, down 1/4 cent,

Jul 20 Corn is at $3.98 3/4, down 1/2 cent,

Sep 20 Corn is at $3.97 3/4, down 1 cent,

--- provided by Brugler Marketing & Management

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