Corn Market Commentary

Corn futures are trading 1 to 2 cents lower here on Wednesday morning. They closed the Tuesday session with most contracts steady to 3 cents higher. The release for this week’s EIA report is pushed back until Thursday due to todays Day of Mourning for former President George H.W Bush. Brazil’s Trade Ministry data showed November corn exports at 3.997 MMT, up 24.87% from October and 12.7% larger than last year. As the world is shifting focus to the South American growing season, private consultancy Celeres estimates increased Brazilian 18/19 corn production over last year, with exports for 2019 ranging between 25 and 32 MMT.

--provided by Brugler Marketing & Management

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