Corn Lower on Turnaround Tuesday

Corn futures are trading 6 to 8 cents lower in most contracts on Turnaround Tuesday. Some of the pressure is coming from double digit losses in wheat. The nearby KC wheat-corn spread is just 13 1/2 cents. After Monday’s close, NASS reported the US corn crop at 92% planted by 6/16, with the numbers of prevent plant acres widely unknown. OH still has 32% of the crop left to be seeded, with IL 12% remaining. Emergence of the US crop was at 79%, 18% below normal. Condition ratings were UNCH on the gd/ex scale at 59%, with the Brugler500 index down 1 to 354.

Jul 19 Corn is at $4.48 1/4, down 6 1/2 cents,

Sep 19 Corn is at $4.53 1/2, down 8 cents,

Dec 19 Corn is at $4.61 1/2, down 7 cents

Mar 20 Corn is at $4.66 1/4, down 6 3/4 cents

--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.