Corn Market News and Commentary

Corn futures are trading mostly 1 cent per bushel higher this morning. They ended Monday steady to fractionally lower. Weaker than expected export data was a drag on the market. The weekly Export Inspections report from USDA showed that just 501,541 MT of corn was shipped in the week of January 3, which included the New Year’s holiday and should have been somewhat anticipated. That was 47.37% lower than the week prior and 41.05% below the same New Year holiday week last year. YTD shipments are still 61.33% above this time last year. Sorghum shipments are down 70.46% yr/yr with the lack of Chinese purchases a key factor. China approved one new GM corn trait (DP4114) for importation after no approvals since 2017.

--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

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.