Corn markets end the first trade day if the week with 1.4% to 1.6% losses led by the South American weather improvements. At the close March futures were a nickel off their low for the day with a dime loss.Â
Crude Oil futures were 2 cents lower on the day after seeing $82.62/bbl prints earlier during the session. That was the highest price since December 5th.
Argentina saw as much as 3.5 inches of rain through the past week in key growing areas.Â
USDA’s weekly inspections data had 727,643 MT of corn shipped for the week that ended 1/19. That was slightly below last week’s 779,788 MT shipment and was under the same week last year by 39%. USDA marked the accumulated corn export at 11.51 MMT through 1/19, compared to 16.514 MMT last year.Â
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Mar 23 Corn  closed at $6.66 1/4, down 10 cents,
Nearby Cash  was $6.68 3/8, down 10 1/4 cents,
May 23 Corn  closed at $6.65, down 9 1/2 cents,
Jul 23 Corn  closed at $6.54 1/4, down 9 1/4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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