Corn Higher to Start the New Week

Corn futures are trading 4 to 5 cents higher in most contracts on Monday, with a few 2020 contracts up 1-2 cents. USDA showed 617,740 MT of corn shipments during the week that ended on June 20 in this morning’s Export Inspections report. That was down 8.9% from last week and less than half of the same week last year. In addition, 109,914 MT of sorghum was shipped to China. Trade ideas for NASS planting progress tonight are 98-99%, with intentions shrinking and thus boosting the percentage. Friday afternoon’s Commitment of Traders report indicated that spec funds in corn futures and options added another 32,303 contracts to their net long position as of Tuesday, taking it to 143,515 contracts.

Jul 19 Corn is at $4.46 3/4, up 4 1/2 cents,

Sep 19 Corn is at $4.52 1/2, up 5 cents,

Dec 19 Corn is at $4.58 1/4, up 4 3/4 cents

Mar 20 Corn is at $4.64, up 4 3/4 cents

--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
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.