Corn Market News and Commentary
BRUG - Mon Jan 07, 12:15PM CST

Corn futures are currently fractionally to a penny lower on Monday. Weaker than expected export data is a drag on the market this morning. 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 Years 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.

Mar 19 Corn is at $3.82 1/4, down 3/4 cent,

May 19 Corn is at $3.90, down 1 cent,

Jul 19 Corn is at $3.97 1/2, down 3/4 cent

Sep 19 Corn is at $3.99 1/4, down 1/2 cent

--provided by Brugler Marketing & Management




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