Corn Double Digits Higher After Planting Delay Confirmation
BRUG - Tue May 14, 12:26PM CDT

Corn futures are trading 11 to 13 cents higher in the front months, with deferred contracts up 5 to 10 cents. May futures expire today. After the Monday close, NASS reported the US corn crop was 30% planted as of Sunday. That was shy of most estimates and 36% below the average pace. IL is 71% behind normal at just 11%, with IN 51% below their average @ 6% and OH at 4% complete. NE was 46% planted, with IA at 48% both lagging normal. Forecasts on the 7-day QPF show precip in the WCB, with minimal amounts in the ECB, which may allow for some planting (if soils can dry out). The 6-10 day outlook looks wetter than normal for most of the Corn Belt. IEG Vantage (Informa) put their 2019 US corn acreage estimate at 90.7 million acres, down 2.1 million acres from USDA’s Intentions number.

May 19 Corn is at $3.59 1/2, up 12 cents,

Jul 19 Corn is at $3.69 1/2, up 13 cents,

Sep 19 Corn is at $3.78 1/4, up 12 1/2 cents

Dec 19 Corn is at $3.88 1/4, up 11 3/4 cents

--provided by Brugler Marketing & Management

Market Commentary provided by:

Brugler Marketing & Management LLC
1908 N. 203rd St.Omaha, NE 68022
Phone: 402-697-3623
Fax: 402-289-2353

Did you know Brugler Marketing & Management has more to offer to you than just this free daily commentary?! Producers just like you rely on our custom research and daily guidance on when and how to market their commodities. Click here to learn more about what we have to offer, or call 402-697-3623. Do it today!

Do you want to know what trades Alan Brugler recommends? Subscribe to Ag Market Professional, and become part of the Brugler client group! Not sure? Ask for a FREE SAMPLE and get two FREE GIFTS! Start here

Want this Ag News delivered to your inbox? Get the FREE Brugler Ag Newsletter, delivered 3 times daily.