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Corn Mar '18 (ZCH18)

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Corn Futures Market News and Commentary

Corn Pressured by Wheat on Monday

Corn futures ended the Monday session with most contracts 3 to 4 cents lower, as the 2019 contracts out to Sept hit contract lows. Losses in the wheat complex pressured the market lower. Weekly data from USDA showed 1.353 MMT of corn shipped in the week of April 18. That was 14.33% larger wk/wk but still 22.15% below the same week last year. After the close USDA indicated that 6% of the US corn crop was planted, on the low end of estimates. That is just half of the average pace for this point but 1% faster than last year. May 19 Corn closed at $3.54 3/4, down 3 3/4 cents, Jul 19 Corn closed at $3.63 1/2, down 3 3/4 cents, Sep 19 Corn closed at $3.71, down 4 cents Dec 19 Corn closed at $3.82 1/2, down 3 3/4 cents --provided by Brugler Marketing & Management
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