Corn Market A Penny Higher This Morning

Corn is trading a penny higher this Tuesday morning. Corn futures were down as much as 3 3/4 cents in the front months yesterday. Export inspections for the week ending 11/15 were up 9.55% to 637,397 MT. export inspections for the same week last year were 845,957 MT. The MYTD inspections are now 4.980 MMT (196.052 mbu). Corn exports remain considerably lower than last year’s pace, the accumulated export inspections 58.44% behind, or are 275.735 mbu less. The USDA’s weekly crop progress report showed that corn harvest is still behind schedule, with the 76% completed 16 percentage points behind the average pace. Harvest gained 10% over the week, which was a slowdown in weekly progress as last week gained 14%.

---provided by Brugler Marketing & Management




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