Corn Market News and Commentary

Corn futures are currently 1 1/2 to 2 1/2 cents higher since closing 1 to 2 1/4 lower on Tuesday. 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 does not always adopt CONAB numbers, particularly early in the season, but it is a hint as to crop conditions and production potential down there. 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 trait approvals since 2017.

--provided by Brugler Marketing & Management




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