Corn Market 2 to 4 Cents Higher This Morning

Corn futures are 2 to 4 cents higher to start the Friday session, thanks to a little pre-weekend profit taking. The front months May and July ended lower yesterday, while Sept and Dec futures were higher. Weekly corn export sales totaled 1.075 MMT. Exports through week 30 of the marketing year were 720.7 mbu. Census data showed February corn exports were 154.17 mbu. That was a 57% increase over January exports and 8.3% higher yr/yr. DDGS exports in Feb totaled 852,904 MT which was 24.4% higher yr/yr. Census data also showed ethanol exports totaled 194.2 million gallons during February, which was the second highest all time for the month. Argentina is 22.2% harvested through April 1st; the Buenos Aires Grain Exchange forecasts 50 MMT of production.

--- provided by Brugler Marketing & Management




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