Corn

Corn futures are trading 1 to 2 cents lower this morning. They posted gains of 1 to 2 cents on Friday. Dec lost 1.36% on the week due to Thursday’s report. The USDA corn yield estimate has risen +5.9 bpa since the August report. NE (-2) and MI (-1) were the only major producing states that showed a reduction in yield in November’s report. Total export commitments are now 21.67% lower than this time last year, improving 5.19% over the last week. The Buenos Aires Grain Exchange estimates that the Argentina corn crop is 35% planted, up slightly over last week’s 33.9%. The CFTC Commitment of Traders report was delayed until today due to the federal Veteran’s Day observance on Friday.




Market Commentary provided by:

Brugler Marketing & Management LLC
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