Corn Down on Friday

Corn futures are down 3 to 4 1/2 cents in the front months. Census trade data released this morning shows 2.825 MMT (111.22 mbu) of US corn exported during August. That is 2% lower than last month and less than half from a year ago. Corn exports for the full MY were 2.060 bbu, matching USDA’s projection. They also tallied August ethanol exports at a monthly record 122.5 million gallons. The Trump Administration has announced commitments towards a new biofuels policy. The EPA’s new policy will boost annual biofuels blending quotas. The plan has until Nov 30 to finalize volumes for 2020 and proceed with enacting the new requirements. IEG Vantage (formerly Informa) estimates the US corn yield at 167.5 bpa, down 2.1 bpa from their previous number.

DEC 19 Corn is at $3.84 1/4, down 4 1/2 cents,

MAR 19 Corn is at $3.96 1/4, down 4 1/2 cents,

MAY 20 Corn is at $4.02, down 4 cents

JUL 20 Corn is at $4.05 1/2, down 3 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.