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

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