Corn Looking Past USDA Reports on Friday
BRUG - Fri Jul 12, 12:21PM CDT

Corn futures are showing 8 to 9 1/2 cent gains in most contracts on Friday. A private export sale of 104,100 MT of corn for 19/20 delivery to Panama was reported by USDA this morning. Thursday’s balance sheet update from USDA showed the projected 19/20 US cash average price at $3.70, down a dime from the June report. USDA also cut 100 mbu to the old crop export projection to 2.1 bbu. Buenos Aires Grain Exchange pegs Argentina’s corn harvest at 53.1% complete, compared to the 5-year average of 64.2%.

JUL 19 Corn is at $4.49 3/4, up 2 cents,

SEP 19 Corn is at $4.52 3/4, up 8 1/2 cents,

DEC 19 Corn is at $4.57 1/2, up 9 1/2 cents

MAR 20 Corn is at $4.63 1/2, up 9 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.