Corn Market News and Commentary

Corn futures are trading 1 to 2 cents higher this morning. They ended the Tuesday session with most contracts 2 to 3 cents in negative territory. That was net new selling, with preliminary open interest rising 16,760 contracts during the decline. Weaker ethanol and spillover from soybeans pressured the market lower. USDA Export Inspections data on Tuesday morning showed that 1.108 MMT of corn was shipped in the week that ended 1/17. That was 9.28% larger than the week prior and 53.23% above the same time last year.

--provided by Brugler Marketing & Management




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