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Corn Market 3 to 4 Lower
BRUG - Tue Sep 17, 7:29AM CDT

Corn futures are trading 3 to 4 cents lower this morning. They saw 4 to 5 1/4 cent gains in most contracts on Monday. Front month ethanol futures were up 1.11% on the day, helped by sharp gains in crude oil and a 20 cent per gallon jump in gasoline futures. The afternoon Crop Progress report indicated 68% of the US corn crop was dented as of Sunday, with 18% mature (vs. 39% avg), and 4% harvested (7% avg). Conditions were unch at 55% gd/ex, as the Brugler500 index saw a 1 point bump to 348 on a 1% move from good to excellent. The weekly Export Inspections report tallied corn shipments in the first full week of the 19/20 MT at 421,803 MT. That was down 31.09% from the week prior and less than half of the same week in 2018.

-- provided by Brugler Marketing & Management

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