Corn Holds Higher to Start the Short Week
Corn futures are trading 2 3/4 to 5 3/4 cents higher in the front months at midday to begin the Thanksgiving week. A private export sale of 334,000 MT of 20/21 corn to unknown destinations was reported by the USDA mandatory reporting system this AM. USDA’s weekly Export Inspections report tallied corn shipments for the week that ended on 11/19 at 832,637 MT. That was slightly below last week but 34.97% larger yr/yr. Sorghum inspections were 121,096 MT, all to China. YTD US exports are 1.096 MMT, more than double the same time last year. Brazil’s first crop corn in the Center-South region is now pegged as 91% planted according to AgRural, 9% faster than the same week in 2019.
| DEC 20 Corn is at $4.26, up 2 3/4 cents, |
| MAR 21 Corn is at $4.32 3/4, up 4 1/2 cents, |
| MAY 21 Corn is at $4.36 1/2, up 5 3/4 cents |
| JUL 21 Corn is at $4.36 1/2, up 5 3/4 cents |
--- provided by Brugler Marketing & Management
