Corn Market Commentary
BRUG - Thu Dec 06, 12:08PM CST

Corn futures are climbing back from losses earlier in the session to fractionally mixed at midday. USDA reported a private export sale of 198,120 MT of corn to Mexico this morning, with 106,680 MT for 18/19 delivery and the balance for 19/20. This morning’s delayed EIA report showed ethanol production in the final week of November at 1.069 million barrels per day. That was up 21,000 bpd from the week prior, as ethanol stockpiles rose 100,000 barrels to 23.030 million barrels. US census data released this morning showed October corn exports @ 5.695 MMT (224.19 mbu), more than double last year and the second largest ever for October. DDG exports were also the second most for October at 1.018 MMT, with ethanol exports an October record 175.41 million gallons.

Dec 18 Corn is at $3.73 1/2, down 3/4 cent,

Mar 19 Corn is at $3.84 1/2, up 1/4 cent,

May 19 Corn is at $3.91 3/4, up 1/2 cent

Jul 19 Corn is at $3.98, up 1/2 cent

--provided by Brugler Marketing & Management




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