Corn Slightly Higher in Early Thursday Trade
Related Stocks
 ZCK24 - Corn
SymLastChgPct
ZCK24445-6+19-0+4.45%
ZCPAUS.CM4.2344+0.1902+4.70%
ZCN24458-0+18-6+4.27%
ZCZ21588-6s+4-4+0.77%
ZCPZ21US.CM5.7930-0.0285-0.49%

Corn prices overnight were up just ¾ to 1 ½ cents ahead of the Export Sales report. At the close for the midweek session, front month corn futures were fractionally to 3 cents in the black. New crop futures were stronger reducing the September to December inverse to just 1/4 of a cent.

Ahead of the weekly Export Sales report, the traders surveyed anticipate USDA to show between 0 and 600k MT of corn bookings for the week of 7/22. That could come from between net cancelations of 100k to net new sales of as much as 300k MT for old crop, and from 100k to 300k MT of new crop bookings. 

EIA’s weekly report showed ethanol producers averaged 1.014m barrels of production per day during the week ending 7/23. That was a drop-off of 14k barrels per day, and was a 10 week low. Stocks had built during the week, with another 215k barrels to 22.733 million. 

Sep 21 Corn  closed at $5.49 1/4, up 1/2 cent, up 1 ¼ cents this morning

Nearby Cash  was $6.24 2/7, up 3/8 cent,

Dec 21 Corn  closed at $5.49, up 2 3/4 cents, up 1  cent this morning

Mar 22 Corn  closed at $5.56 3/4, up 3 cents, up ¾ cents this morning

New Crop Cash  was $5.27, up 2 7/8 cents,




<p>Market Commentary provided by:<br /> <img src="https://s3.amazonaws.com/images1.aws.barchart.com/logos/bruglerlogo.gif" border="0" /><br /> Brugler Marketing &amp; Management LLC<br /> 1908 N. 203rd St.Omaha, NE 68022<br /> Phone: 402-697-3623<br /> Fax: 402-289-2353<br /> E-mail: <a href="mailto:alanb@bruglermktg.com">alanb@bruglermktg.com</a><br /> Web: <a href="http://bruglermarketing.com/">http://bruglermarketing.com</a></p> <p align="center"><!-- [if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w:PunctuationKerning/> <w:ValidateAgainstSchemas/> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF/> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables/> 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