Corn in the Red on Monday

Corn futures are trading 7 to 9 1/4 cents lower in most contracts on Monday. The weekly Export Inspections report indicated that 676,485 MT of corn was shipped in the week that ended on July 11. That was down 6.23% from last week and just above half of what was inspected for the same week last year. Another shipment of 51,075 MT of sorghum was headed to China. Trade expectations ahead of the Crop Progress report this afternoon are for corn condition ratings to either drop ~1% to 56% gd/ex or go up 1%! Friday’s Commitment of Traders report indicated money managers added 5,520 contracts to their net long position in the week that ended July 9, taking it to 187,168 contracts.

SEP 19 Corn is at $4.45, down 9 1/4 cents,

DEC 19 Corn is at $4.50 3/4, down 8 1/2 cents,

MAR 20 Corn is at $4.57 1/4, down 7 3/4 cents

MAY 20 Corn is at $4.59 3/4, down 7 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.