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Corn Closes Lower on Friendlier Weather
BRUG - Mon Jul 22, 5:41PM CDT

Corn futures ended the Monday session with most contracts 7 to 9 cents in the red. Cooler Corn Belt temps this week are a negative, helpful as more of the crop reaches the pollination stage. The weekly Crop Progress report showed 35% of the crop silking as of Sunday vs. the 66% average, with 5% in the dough stage (10% average). Corn conditions slipped 1% to 57% gd/ex and 2 points on the Brugler500 index to 351. Analysts were expecting steady to a 1% improvement. The Export Inspections report from USDA showed corn shipments of just 438,045 MT in the week that ended on July 18. That was a 36.56% drop from last week and less than 1/3 of the same week last year. AgRural estimates the Brazilian second corn crop at 67% harvested, which is well above the 36% from this week last year.

SEP 19 Corn is at $4.22 1/4, down 8 1/2 cents,

DEC 19 Corn is at $4.26 3/4, down 9 cents,

MAR 20 Corn is at $4.35 3/4, down 8 1/4 cents

MAY 20 Corn is at $4.40 1/4, down 7 3/4 cents

--provided by Brugler Marketing & Management

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