Corn

Corn futures closed the day 5 to 8 3/4 cents lower. The Monday morning export inspections report showed 1.219 MMT of corn was shipped during the week of June 15. That was 1.33% below last week, but was 13.61% larger than the same week in 2016. After the close the USDA released the Crop Progress report showing that 98% of the US corn crop was emerged as of Sunday, matching the average and 1% behind last year. Condition ratings saw good/excellent ratings unchanged at 67%, with the Brugler500 index up 2 points to 369 on a 2% shift from good to excellent. This Friday, China will sell 2.32 MMT of corn from state reserves.

Jul 17 Corn closed at $3.75 1/4, down 8 3/4 cents,

Sep 17 Corn closed at $3.83 1/4, down 8 3/4 cents,

Dec 17 Corn closed at $3.93 1/4, down 8 3/4 cents

Mar 18 Corn closed at $4.02 1/2, down 8 3/4 cents




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 June and July leave you with painful grain marketing memories?
Contact Brugler TODAY to discover which of our services is the right prescription for you!
Request product samples and a quick tour of our services here.

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.