Corn Finished Mostly Higher
BRUG - Tue Dec 10, 4:07PM CST

Corn futures reacted to the reports as expected, which is to say not at all. The WASDE showed projected ending stocks for the U.S. were unchanged at 1.91 bbu. Likewise, Argentine corn production was steady with November at 50 MMT. Corn production from CONAB was up 50,000 MT mo/mo, at 98.41 MMT, but they are still below USDA’s 101 MMT. World production for corn was 1.108 billion MT. That is up 10.7% from the average since 09/10 but down 1.41% from last year. World corn consumption was 0.08% lower yr/yr listed at 300 MMT.

Dec 19 Corn closed at $3.63 3/4, down 2 cents,

Mar 20 Corn closed at $3.76 1/2, up 3/4 cent,

May 20 Corn closed at $3.82 1/4, up 1 cent,

Jul 20 Corn closed at $3.87 1/4, up 1 1/4 cents,

---provided by Brugler Marketing & Management




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