Corn Slightly Higher at Midday

Corn futures are showing fractional to 1 cent gains in the front months so far on Friday. December options expire today. Total export commitments for corn are slowly whittling away on this time last year, now lagging by 45.4% from the same week in 2018. They are just 28% of the USDA export projection, with the average pace at 43% for this week. Accumulated shipments are just 11% of that number (5-year avg 17%), with unshipped sales down 32% yr/yr. Buenos Aires Grain Exchange pegs the Argentine corn crop is 45.7% planted as of 11/21.

DEC 19 Corn is at $3.69 1/4, up 3/4 cent,

MAR 19 Corn is at $3.80, up 1 cent,

MAY 20 Corn is at $3.85, up 3/4 cent

JUL 20 Corn is at $3.90 1/4, up 1/4 cent

--provided by Brugler Marketing & Management

Market Commentary provided by:

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