Corn Market Commentary

Corn futures are trading 1 cent per bushel higher after closing 1 to 2 cents lower on Wednesday. The EIA ethanol report showed average production up 9,000 bpd from the previous week. Ethanol stocks ballooned 404,000 barrels at 23.150 million barrels. Prior to the monthly USDA reports, analysts are expecting US corn ending stocks to drop 38 mbu to 1.775 bbu. The Export Sales report today is seen showing 600,000-900,000 MT in 18/19 corn sales for the week of 11/1. China’s CNGOIC revised last years corn crop to 259 MMT, up 20% from previously thought! They also put the 18/19 crop at 259 MMT, well above the Ag ministry’s 213 MMT. Going into today’s USDA report, analysts expected world stocks to be slightly lower at 158.82.

--provided by Brugler Marketing & Management




Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353
E-mail: alanb@bruglermktg.com
Web: http://bruglermarketing.com

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!


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.