Corn futures closed with 4 1/2 cent gains in most front months on Monday, with spillover buying from soybeans and soybean meal. This morning’s Export Inspections report indicated that 996,643 MT of corn was shipped in the week of 10/11. That was down 28.03% from the week prior but nearly triple the same week last year. The weekly Crop Progress report this afternoon indicated that 96% of the US corn crop was mature as of Sunday vs. the 91% average. It was also reported that 39% was harvested in the 18 states with weekly tracking, exceeding the normal pace @ 35%. Condition ratings were left UNCH at 68% gd/ex and 373 on the Brugler500 Index. That Index reading is consistent with above trend yield but is not record high.
Dec 18 Corn closed at $3.78 1/4, up 4 1/2 cents,
Mar 19 Corn closed at $3.90 1/4, up 4 1/2 cents,
May 19 Corn closed at $3.97 1/4, up 4 1/2 cents
Jul 19 Corn closed at $4.02 1/4, up 4 1/2 cents
--provided by Brugler Marketing & Management (402) 289-2330