Corn Market Down 5 to 6 Cents

Corn futures added to sell off overnight, dropping another 6 cents per bushel. Corn futures lost 10 1/4 to 14 1/2 cents on Wednesday. Analysts anticipate corn bookings in today’s USDA Export Sales update to be between 0.7-1.5 MMT. EIA data showed a 28k bpd production increase as ethanol producers averaged 941,000 bpd on the week ending 10/23. Ethanol stocks were drawn down 120k barrels @ 19.601 million barrels. Spot DDG prices were listed from $145 (W. IA) to $210/ton (KS) from the week ending 10/23.

--- 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.