Corn Market Commentary

Corn futures are currently 3 to 4 cents higher after ending Wednesday steady to a penny lower in most contracts. EIA weekly ethanol production slowed 28,000 barrels per day in the week of 8/10 to 1.072 million bpd. Ethanol stocks grew to 23.017 million barrels, up 94,000 barrels from the previous week and the largest stockpile since mid-March. Traders are looking for USDA to show old crop corn export sales in the week of 8/9 were 300,000-600,000 MT, with new crop estimated at 0.3-1 MMT. Celeres estimates that corn production in Brazil will total 104.1 MMT in 18/19 on increased acreage from a larger second crop following soybeans. Argentina acreage is seen at 14.33 million acres for 18/19, up nearly 7.4% from last year.




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.