Corn Comes Back to Close Higher on Monday

Corn futures ended the Monday session with most contracts 2 to 5 cents higher, following 7-8 cent losses in the overnight session. After the close, NASS reported the US corn crop was 30% planted as of Sunday, moving only 7% from the prior week and slower than most estimates. That was just half of the same week last year (59%) and 36% below the average pace. The crop was 10% emerged, with the normal pace at 29%. This morning’s Export Inspections report indicated that 1.001 MMT of corn was shipped in the week that ended on May 9. That was up 2.45% from the week prior but still 36.59% below the same week in 2018.

May 19 Corn closed at $3.47 1/2, up 5 cents,

Jul 19 Corn closed at $3.56 1/2, up 4 3/4 cents,

Sep 19 Corn closed at $3.65 3/4, up 4 3/4 cents

Dec 19 Corn closed at $3.76 1/2, up 4 1/2 cents

--provided by Brugler Marketing & Management




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