Corn Close Firm on Thursday
BRUG - Thu Aug 22, 5:08PM CDT

Corn futures ended trading fractionally higher on Thursday. This morning’s USDA Export Sales reported bookings for 18/19 at 119,267 metric tons (MT) in the week that ended on August 15, 112% higher than last week. New crop sales totaled 301,608 MT, down 2% from the previous week and 72% lower than the same week last year. Those were both on the low end of estimates. A sale of 50,000 MT of sorghum was reported to China. The Pro Farmer Midwest Crop Tour finished up in Minnesota today, with the national Pro Farmer estimate set to be released on Friday. CONAB expects Brazil’s corn-based ethanol production to rise by 70.89% to 1.35 billion liters (8.491 million barrels) in 19/20.

SEP 19 Corn closed at $3.63 1/4, up 3/4 cent

DEC 19 Corn closed at $3.71, up 3/4 cent

MAR 20 Corn closed at $3.83, up 1/2 cent

MAY 20 Corn closed at $3.90 3/4, up 1/2 cent

--- provided by Brugler Marketing & Management

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