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Corn Mar '17 (ZCH17)

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Brugler report

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Tue Apr 24, 11:44AM CDT
Corn futures are 1 to 1 1/4 cents higher in the front months on Tuesday. 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. Progress along the Corn Belt was well below the average, with IA still at 0%, IL at 4%, and NE at 2% planted. TX was the only of the 18 states reported to show progress above the normal pace. Progress should be made this week with soil temps improving and drier weather throughout most of the Corn Belt.May 18 Corn is at $3.79 3/4, up 1 1/4 cents,Jul 18 Corn is at $3.88 3/4, up 1 1/4 cents,Sep 18 Corn is at $3.96, up 1 centDec 18 Corn is at $4.05 1/4, up 1 cent
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