Corn Market News and Commentary

Corn futures ended the Wednesday session with most contracts steady to 1 1/2 cents higher as March was down 1/4 cent. The weekly EIA report showing ethanol production and stocks is delayed until Thursday due to Monday’s holiday. Informa estimates 2019 US planted corn acreage at 91.5 million acres, which is nearly 2.4 million larger than the previous year. Chinese corn imports during December totaled 420,000 MT, while sorghum imports were tallied at 0. Taiwan purchased 65,000 MT of corn on Wednesday, with the origin likely Argentina.

Mar 19 Corn closed at $3.78 3/4, down 1/4 cent,

May 19 Corn closed at $3.87 1/4, unch,

Jul 19 Corn closed at $3.95 1/4, up 1/4 cent

Sep 19 Corn closed at $3.97 3/4, up 3/4 cent

--provided by Brugler Marketing & Management

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