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Corn Mar '19 (ZCH19)

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Corn Futures Market News and Commentary

Corn Market News and Commentary

Corn futures closed the Tuesday session with most contracts 2 to 5 cents lower, with pressure coming from wheat. The weekly Export Inspections report showed shipments of 941,811 MT of corn in the week of 2/14. That was slightly below last year but 25.34% larger than the previous week. Mexico and Japan were the top two destinations in that week. Inspections YTD are still 44.90% larger than the same time frame last year. The EIA report will be pushed back to Thursday this week due to Monday’s President’s Day holiday. A Reuters poll of analysts shows Brazil’s estimated second crop corn acreage at 12 million hectares (29.65 million acres).Mar 19 Corn closed at $3.69 3/4, down 5 cents,May 19 Corn closed at $3.78, down 4 3/4 cents,Jul 19 Corn closed at $3.86, down 4 1/2 centsSep 19 Corn closed at $3.90 3/4, down 3 1/2 cents --provided by Brugler Marketing & Management
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