Corn futures closed the Thursday session with most contracts 3 to 6 1/2 cents higher. The USDA reported a private sale of 110,000 MT to Japan for 17/18 delivery this morning. The weekly Export Sales report showed old crop sales continuing their robust pattern at 1.857 MMT for the week of 3/1, well above last year and up 8.15% wk/wk. In the USDA’s monthly supply and demand report, US ending stocks were trimmed 225 mbu by the USDA to 2.127 bbu thanks to a jump in crush (+50mbu) and exports (+175). Production in Brazil was cut by just 0.5 to 94.5 MMT (CONAB @ 87.28 MMT), with Argentina dropping 3 MMT to 36 MMT (Buenos Aires Grain Exchange @ 34 MMT). With the reduction in production and US ending stocks, the world ending stock projection was cut by 3.92 to 199.17 MMT.

Mar 18 Corn closed at $3.85 3/4, up 6 1/2 cents,

May 18 Corn closed at $3.93 1/2, up 6 1/4 cents,

Jul 18 Corn closed at $4.00 1/2, up 6 cents

Sep 18 Corn closed at $4.05, up 5 1/4 cents

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

First you raise it, then you market it!  Check out the full Brugler advisory service with this special Harvest 2Fer offer at


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.