Corn Hanging Around UNCH to Start the Week

Corn futures are showing fractional losses in most contracts on Monday, with nearby July 2 1/2 cents higher on thin trade. This morning’s Export Inspections report indicated weekly shipments improving 2.5-fold in the week of 7/4 over last week’s abysmal total at 703,192 MT. That was still slightly less than half of the same week last year. Another shipment of 65,999 MT of sorghum was inspected for delivery to China. Traders are leaning toward a modest improvement in US crop conditions in this afternoon’s USDA crop progress report. The 6-10 and 8-14 day outlooks are showing well above normal chances for warm temps and below normal precip chances for most of the Corn Belt.

JUL 19 Corn is at $4.36 1/2, up 2 1/2 cents,

SEP 19 Corn is at $4.38, down 3/4 cent,

DEC 19 Corn is at $4.42, down 1/4 cent

MAR 20 Corn is at $4.49, unch

--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.