Corn Closes Fractionally Lower on Monday

Corn futures closed Monday with minor to fractional losses in nearby contracts. The usual Monday reports are going to be released tomorrow, as the USDA was closed Monday for Columbus Day. Trade estimates for corn harvest are around 22-23% complete as of Sunday, which would be behind the 35% average. Drier weather expected for this week should allow harvest to progress in some areas not hit by recent precip events. Another round of moisture is expected this weekend along the Corn Belt.

DEC 19 Corn closed at $3.97 3/4, unch,

MAR 19 Corn closed at $4.07 1/2, down 1/4 cent,

MAY 20 Corn closed at $4.12 1/2, down 1/4 cent

JUL 20 Corn closed at $4.16, down 1/2 cent

-- provided by Brugler Marketing & Management




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