Corn Market Commentary

Corn futures are currently 4 to 4 1/4 cents higher in the nearby contracts on Monday. This morning’s Export Inspections report indicated that 996,643 MT of corn was shipped in the week of 10/11. That was down 28.03% from the week prior but nearly triple the same week last year. Friday afternoon’s CFTC report indicated spec funds trimmed their net short position in corn futures and options by 23,732 contracts in the reporting week ending October 9, leaving them net short 34,032 contracts. Trade ideas for US corn harvest appear to be running 39-40% completed, which would still be ahead of the 5 year average pace. USDA will report at 3 PM CDT.

Dec 18 Corn is at $3.78, up 4 1/4 cents,

Mar 19 Corn is at $3.90, up 4 1/4 cents,

May 19 Corn is at $3.96 3/4, up 4 cents

Jul 19 Corn is at $4.01 3/4, up 4 cents

--provided by Brugler Marketing & Management (402) 289-2330




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

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.