Corn Market Commentary

Corn futures are mostly 2 to 3 cents in the green at midday. This morning’s weekly EIA report showed ethanol production in the week of 11/9 at 1.067 million barrels per day, down just 1,000 bpd from last week. Stockpiles of ethanol stood at 23.514 million barrels, up 364,000 barrels from a week ago, with the Gulf and East Coast increasing stocks. Analysts estimate that 500,000-900,000 MT of corn was sold for export in the week of 11/8 ahead of Friday’s delayed Export Sales report.

Dec 18 Corn is at $3.69 1/2, up 2 1/2 cents,

Mar 19 Corn is at $3.80 1/2, up 2 1/2 cents,

May 19 Corn is at $3.88, up 2 1/4 cents

Jul 19 Corn is at $3.95, up 2 3/4 cents

--provided by Brugler Marketing & Management

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