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Corn Dec '18 (ZCZ18)

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cmdty Insider - Corn Market Commentary

Tue Oct 23, 7:29AM CDT
Corn futures are mostly steady to fractionally higher this morning. They ended the Monday session with most front months 2 to 2 1/2 cents higher. Monday morning’s USDA export inspections report indicated that 949,168 MT (metric tonnes) of corn was shipped in the week of 10/18. That was down 6.15% from the previous week, but 49.23% larger than the same week in 2017. YTD exports are now 72% larger than last year at 7.823 MMT. The afternoon Crop Progress report showed that corn harvest is 49% complete, within the range of trade estimates and still 2% ahead of normal. Condition ratings were steady on the gd/ex ratings at 68%, with the Brugler500 index down 1 at 372. This was the last crop condition report of the year for corn.--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.
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