Corn futures are mostly 3 to 4 cents higher on Monday, as weekend rains in Argentina were limited. Monday morning’s USDA Export Inspections report indicated that 835,131 MT of corn was shipped during the week of 2/8. That is 23.61% lower than the previous week and lags the same week last year by 33.51%. Spec traders in corn futures and options reduced their net short position by 48,018 contracts during the week of Feb 6. That CFTC position was at -82,924 contracts on Tuesday. In a tender that closed on Monday, South Korea purchased 120,000 MT of corn most likely sourced from the US for April-May delivery.

Mar 18 Corn is at $3.65 1/2, up 3 1/2 cents,

May 18 Corn is at $3.73 1/2, up 3 3/4 cents,

Jul 18 Corn is at $3.81, up 3 1/2 cents

Sep 18 Corn is at $3.88, up 3 3/4 cents

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.