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Corn Jul '18 (ZCN18)

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Brugler report

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Tue Apr 24, 7:12AM CDT
Corn futures are currently steady to a penny lower after closing 1 to 2 cents higher on Monday. The USDA Export Inspections report indicated corn exports at 1.719 MMT for the week of 4/19. That was a jump of 9% from the previous week and 17.18% larger than this week last year. YTD exports are still 20.31% lower than the same time last year. Monday afternoon, NASS reported that 5% of the US corn crop was planted as of April 22, just shy of analysts’ expectations at 6-7%. That is well short of the normal pace of 14% complete and last year’s 15 % planted by this date.
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