Corn Market Commentary
cmdty Insider - BRUG - Tue Dec 04, 5:02PM CST

Corn futures closed the Tuesday session with most contracts steady to 3 cents higher. The release for this week’s EIA report is pushed back until Thursday due to Wednesday’s National Day of Mourning for former President George H.W Bush. Brazil’s Trade Ministry data showed November corn exports at 3.997 MMT, up 24.87% from October and 12.7% larger than last year. As the world is shifting focus to the South American growing season, private consultancy Celeres estimates increased Brazilian 18/19 corn production over last year, with exports for 2019 ranging between 25 and 32 MMT.

Dec 18 Corn closed at $3.74 1/4, up 3 cents,

Mar 19 Corn closed at $3.84 3/4, up 2 3/4 cents,

May 19 Corn closed at $3.91 1/2, up 2 1/4 cents

Jul 19 Corn closed at $3.98 1/4, up 2 cents

--provided by Brugler Marketing & Management




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