Corn futures are fractionally lower after settling the Monday session with most contracts 2 to 3 1/4 cents in the red. Preliminary open interest was up 5,238 contracts, indicating some net new selling interest. The USDA reported a private export sale of 130,000 MT of corn to South Korea for 17/18 delivery through their daily reporting system Monday morning. The Export Inspections report showed 1.074 MMT in corn shipments during the week ending 2/1. That was 6.2% larger than the week prior but 4.4% lower than the same week in 2017. Ahead of Thursday’s monthly USDA report, analysts are expecting to see a 9 mbu reduction in US corn ending stocks to 2.468 bbu.

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.