Corn Lower as Rains Roll Across the Corn Belt

Corn futures are down 5 to 6 1/2 cents as rains rolled across most of the Corn Belt over the weekend. The ProFarmer Midwest Crop Tour is underway on both the western and eastern ends of the Corn Belt. USDA Export Inspections data showed 510,334 MT of corn shipped in the week that ended on August 15. That was down 30% from the week prior and roughly half of the same week last year. Mexico was the largest customer with 270,153 MT. Sorghum shipments to China totaled 50,002 MT. Friday afternoon’s Commitment of Traders report indicated spec funds holding a net long position of 44,513 contracts in corn futures and options, a reduction of 45% from last week but larger than expected.

SEP 19 Corn is at $3.64 3/4, down 6 1/4 cents,

DEC 19 Corn is at $3.74 1/4, down 6 1/2 cents,

MAR 20 Corn is at $3.86 3/4, down 6 cents

MAY 20 Corn is at $3.94 1/2, down 5 1/2 cents

--- 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.