Corn futures closed the Monday session with 3 1/2 cent gains in nearby Dec, with other front months up 5 ¼ to 5 3/4 cents. 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. Exports since September 1 are 9.25 MMT (364.2 mbu), 64.82% larger than the same period last year. Sorghum inspections were 121,096 MT in that week, all to China. YTD US exports are 1.096 MMT, more than double the same time in 2019. 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 closed at $4.26 3/4, up 3 1/2 cents, |
| MAR 21 Corn closed at $4.33 1/2, up 5 1/4 cents, |
| MAY 21 Corn closed at $4.36 1/2, up 5 3/4 cents |
| JUL 21 Corn closed at $4.36 1/2, up 5 3/4 cents |
--- provided by Brugler Marketing & Management
