Corn Market 1 to 2 Cents Lower

Corn futures are 1 to 2 cents lower after being up 1 to 1 1/4 cents in the front months on Thursday. The Export Sales report showed 19/20 Corn bookings for the week ending 9/26 were 562,616 MT. That was a 13.9% increase from the previous week but down 60.68% from the same week last year. Mexico was the lead buyer of 361,100 MT during that week, with 88,000 MT sold to Japanese importers. US export shipments since September 1 have been the lowest since at least 1990. The Buenos Aires Grain Exchange indicated the Argentina corn crop was 20.6% planted as of 10/2. Census August US trade data will be released this morning, to round out the 18/19 export MY for corn with official numbers.

-- provided by Brugler Marketing & Management

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