Corn Market News and Commentary

Corn futures closed the Tuesday session with most contracts 1 to 2 1/4 lower. The weekly EIA report showing ethanol production and stocks as of Jan 4 is back to the normal Wednesday schedule for this week. CONAB will be releasing their updated January Brazil production estimates this Thursday. USDA will be delayed this month, but traders surveyed by Reuters are expecting a 94.31 MMT projection. China approved one new GM corn trait (DP4114) for importation after no approvals since 2017.

Mar 19 Corn closed at $3.80, down 2 1/4 cents,

May 19 Corn closed at $3.88, down 2 1/4 cents,

Jul 19 Corn closed at $3.95 3/4, down 1 3/4 cents

Sep 19 Corn closed at $3.98 1/2, down 1 1/4 cents

--provided by Brugler Marketing & Management

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