Corn Market Fractionally Higher on Better Exports

Corn futures closed 3/4 lower to 1/2 cent higher, with the nearby contracts the firmest. USDA’s weekly Export Sales report showed sharply higher sales of 947,600 MT for old crop in the week ending April 11. New crop bookings were 18,400 MT. Trade ideas for this morning’s report had been running 500-850,000 MT for old crop. Monthly trade data from Census shows corn exports during February down 4.03% from last year at 3.617 MMT. Feb DDG exports totaled 686,005 MT, which was a 5-year low on lower production. Ethanol shipments were reported at 113.82 million gallons. The market will be closed on Good Friday.

May 19 Corn closed at $3.58 1/2, up 1/4 cent,

Jul 19 Corn closed at $3.67 1/4, up 1/4 cent,

Sep 19 Corn closed at $3.75, unch,

Dec 19 Corn closed at $3.86 1/4, down 1/2 cent

--provided by Brugler Marketing & Management




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