Corn futures are showing fractional to 1 cent gains in most contracts on Friday. Support is coming from strength in wheat and higher ethanol futures. Total export commitments are down 6.3% from a year ago, when importers were buying in anticipation of a smaller South American crop. Commitments are now 68% of the newly updated US export projection, vs. the average of 76%. China is rumored to be picking up additional US sorghum cargos.
May 19 Corn is at $3.71 1/4, up 1 cent,
Jul 19 Corn is at $3.80 1/2, up 1 cent,
Sep 19 Corn is at $3.86 3/4, up 1/2 cent
Dec 19 Corn is at $3.94 1/4, up 1/4 cent
--provided by Brugler Marketing & Management