Corn Market News and Commentary

Corn futures are showing fractional to 1 1/2 cent losses in most contracts on Monday. Friday’s CFTC report showed specs in corn futures and options adding 72,318 contracts to their net short position, taking it to 176,777 contracts as of March 5. USDA trimmed their US average farm price range by a dime on Friday to $3.35-3.75, with the midpoint down a nickel to $3.55. USDA left their Brazil corn projection at 94.5 MMT on Friday, with CONAB updating their estimate on Tuesday.

Mar 19 Corn is at $3.53 1/4, down 1 1/2 cents,

May 19 Corn is at $3.63 1/4, down 1 cent,

Jul 19 Corn is at $3.72 1/2, down 1 cent

Sep 19 Corn is at $3.79 1/2, down 3/4 cent

--provided by Brugler Marketing & Management




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