Corn Market News and Commentary

Corn futures are trading mostly 1 to 2 cents higher this morning on short covering ahead of the monthly USDA supply/demand update. They were 5 to 7 1/4 cents lower on Thursday. The weekly Export Sales were 969,742 MT for the week ending 2/28, with another 280,900 MT for new crop. Total sales were on the high side of estimates but down 35.13% from this week in 2018. Total commitments are now 1.5% below last year after being 17% ahead a few weeks back. China did purchase a cargo of US sorghum in that week, the first since last August. The trade is expecting little or no change to the US carryout in today’s report. Trade estimates show Brazil corn production slightly higher at 94.66 MMT, with Argentina at 45.92 MMT. World ending stocks are seen at 309.06 MMT, slightly lower than the February report.

--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.