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Corn Jul '18 (ZCN18)

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Brugler report

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Mon Apr 23, 4:23PM CDT
Corn futures closed the Monday session with most contracts 1 to 2 cents higher. This morning’s 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 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.May 18 Corn closed at $3.78 1/2, up 2 cents,Jul 18 Corn closed at $3.87 1/2, up 2 cents,Sep 18 Corn closed at $3.95, up 2 centsDec 18 Corn closed at $4.04 1/4, up 1 3/4 cents
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