Corn Market News and Commentary

Corn futures are trading roughly 1 cent per bushel higher to begin their Friday. They were down 2 to 4 cents in most contracts yesterday. The delayed Export Sales report showed that old crop sales in the week of January 3 at 459,822 MT. That was down from the week prior but still 5% above the same New Year’s week last year. Thus far in February, the average close for December 2019 corn is $4.01 1/4. The average close throughout the month is used to calculate the Spring Crop Insurance price, with last year at $3.96. The group that used to be Informa raised their 2019 US corn acreage estimate slightly to 91.591 million acres on Thursday. Argentina’s corn production projection was increased by 2.5 MMT to 46.5 MMT by the Rosario Grain Exchange, slightly above USDA’s 46 MMT.

--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.