Corn
BRUG - Fri Aug 18, 4:56PM CDT

Corn futures closed Friday with most contracts 1 1/4 to 1 3/4 higher. Nearby Sep lost 2.43% on the week. Friday’s Commitment of Traders report indicated managed money backing off their net long position by another 27,271 contracts in corn futures and options trading. They had net position of +39,802 contracts as of Tuesday August 15. On Friday, China sold 494,714 MT of corn from 2013 and 2014, which was 40.25% of the more that 1.229 MMT offered. The Buenos Aires Grain exchange estimates the Argentine corn harvest at 85.4% complete.

Sep 17 Corn closed at $3.52, up 1 1/2 cents,

Dec 17 Corn closed at $3.65 3/4, up 1 1/2 cents,

Mar 18 Corn closed at $3.77 3/4, up 1 1/2 cents

May 18 Corn closed at $3.84, up 1 3/4 cents




Market Commentary provided by:

Brugler Marketing & Management LLC
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