Corn Fractionally Higher Overnight
BRUG - Fri Apr 12, 7:30AM CDT

Corn futures are trading 3/4 to 1 1/4 cent per bushel higher this morning. They saw 1 to 2 1/4 cent losses in most contracts on Thursday. USDA indicated that 547,962 MT of old crop corn was sold for export in the week of April 4, below the low end of estimates. That was slightly larger than last week but down 34.76% from the same week last year. Due to the recent lagging sales totals, total export commitments are now 9.2% below the same time a year ago. CONAB estimates released this morning put the Brazilian corn crop at 94.008 MMT, up 1.2 MMT from March mainly on a larger second crop.

--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

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.