Corn Market News and Commentary
BRUG - Tue Jan 08, 7:30AM CST

Corn futures are trading mostly 1 cent per bushel higher this morning. They ended Monday steady to fractionally lower. Weaker than expected export data was a drag on the market. The weekly Export Inspections report from USDA showed that just 501,541 MT of corn was shipped in the week of January 3, which included the New Year’s holiday and should have been somewhat anticipated. That was 47.37% lower than the week prior and 41.05% below the same New Year holiday week last year. YTD shipments are still 61.33% above this time last year. Sorghum shipments are down 70.46% yr/yr with the lack of Chinese purchases a key factor. China approved one new GM corn trait (DP4114) for importation after no approvals since 2017.

--provided by Brugler Marketing & Management




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