Corn Market Commentary

Corn futures are trading 2 to 4 cents higher so far on Friday. A private export sale this morning was shown for 121,700 MT of 18/19 corn to unknown by the USDA. Total corn export commitments through the second week of the new MY are 50.1% larger than the same time last year. They are 27% of the full year USDA export projection, with the normal pace at 26%. A total of 773,429 MT of corn was sold from Chinese state reserves in an auction on Friday, 19.47% of the offered amount.

DEC 18 Corn is at $3.56 1/4, up 3 3/4 cents,

MAR 19 Corn is at $3.68 1/4, up 3 1/2 cents,

MAY 19 Corn is at $3.76 1/4, up 3 1/2 cents

JUL 19 Corn is at $3.82 1/4, up 3 1/4 cents




Market Commentary provided by:

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