Corn futures are trading 3/4 to 1 1/4 cent per bushel higher this morning. They saw 1 to 2 1/4 cent losses in most contracts on Thursday. USDA indicated that 547,962 MT of old crop corn was sold for export in the week of April 4, below the low end of estimates. That was slightly larger than last week but down 34.76% from the same week last year. Due to the recent lagging sales totals, total export commitments are now 9.2% below the same time a year ago. CONAB estimates released this morning put the Brazilian corn crop at 94.008 MMT, up 1.2 MMT from March mainly on a larger second crop.
--provided by Brugler Marketing & Management