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Corn Pit Mar '20 (CH20)

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Corn (Pit) Futures Market News and Commentary

Corn Facing Weakness As Drier Window Approaches

Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period of drier weather across much of the US beyond Wednesday through early next week.

Monday’s Crop Progress report showed just 36% of the US corn crop was planted as of Sunday, below the 39-40% average guess. A slow down had been expected due to wet weather, but that was just 9% points higher than the progress made through last week, with the 5-year average pace at 39% and 42% complete last year at this time. Of the major states, NE, SD and the I-states were reported behind normal. Emergence was tallied at 12% vs. the average progress of 9% emerged by 5/5. 

The average trade estimate for 2024/25 US corn production is around 14.87 billion bushels, based on wire house surveys.  It can vary a little depending on the mix of analysts and traders included. The WASDE report will be... Read more

Contract Specifications

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Contract
Corn [Pit]
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
8:30a.m. - 1:15p.m. CST
Exchange
CBOT
Point Value
$50
Expiration Date
03/13/20 (expired)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
364-4 +1.71%
on 02/27/20
387-0 -4.20%
on 03/04/20
-8-6 (-2.31%)
since 02/13/20
3-Month
364-4 +1.71%
on 02/27/20
393-6 -5.84%
on 01/23/20
-10-2 (-2.69%)
since 12/13/19
52-Week
364-4 +1.71%
on 02/27/20
473-0 -21.62%
on 06/17/19
-33-0 (-8.17%)
since 03/13/19

More Corn (Pit) Quotes

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Most Recent Stories

More News
Soybeans Mixed as New Crop Leads Charge Higher

Beans are showing weakness in the front months on Tuesday, with July down 3 ¾, as new crop contracts are up 6 to 8 cents. Soymeal is pulling back on Turnaround Tuesday, with contracts down $2 to $3/ton....

ZMN24 : 384.4 (-0.83%)
ZLN24 : 44.46 (+1.41%)
ZSK24 : 1235-2 (+0.04%)
ZSPAUS.CM : 11.8707 (-0.09%)
ZSN24 : 1247-6 (-0.08%)
ZSX24 : 1227-2 (+0.61%)
ZSPX24US.CM : 11.6541 (+0.65%)
Wheat Slipping Lower on Turnaround Tuesday

Wheat futures are pulling back on Tuesday after the last couple weeks of rallying, as winter wheat conditions were shown to improve slightly. Chicago contracts are down 5 to 7 cents at midday. Kansas City...

ZWK24 : 632-6 (+0.08%)
ZWN24 : 644-2 (-0.69%)
KEK24 : 670-0 (-2.19%)
KEN24 : 666-2 (-1.33%)
MWK24 : 708-2s (unch)
Corn Facing Weakness As Drier Window Approaches

Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period...

ZCK24 : 455-6 (-0.27%)
ZCPAUS.CM : 4.4438 (-0.33%)
ZCN24 : 467-6 (-0.27%)
ZCZ24 : 488-0 (-0.10%)
ZCPZ24US.CM : 4.5850 (-0.10%)
Chicago SRW Wheat Move is Taking Break

Technical analysis of Chicago SRW Wheat Futures to assist traders and farmers with grain marketing.

ZWN24 : 644-2 (-0.69%)
Top 100 Stocks to Buy: These 3 Names Aren’t Like the Others

Three stocks of the 34 from Monday’s Top 100 Stocks to Buy whose weighted alpha was higher than its performance over the past 52 weeks stuck out. Here’s why.

SWIN : 14.10 (+0.71%)
KLG : 23.11 (-1.83%)
K : 61.07 (+1.72%)
CAVA : 75.19 (+1.18%)
CMG : 3,207.07 (+0.25%)
Wheat Slips Lower on Condition Improvement

Futures are heading lower in early Tuesday morning trade, fading Monday’s gains. The bulls were charging to rally all three exchanges on Monday. Chicago contracts ended the day with gains of as little...

ZWK24 : 632-6 (+0.08%)
ZWN24 : 644-2 (-0.69%)
KEK24 : 670-0 (-2.19%)
KEN24 : 666-2 (-1.33%)
MWK24 : 708-2s (unch)
Soybean Pullback from 4-Month High

Overnight action has soybeans trading 5 ½ to 6 ¾ cents higher. They ended the Monday session with double digit gains and within a few cents of the day’s high. Contracts were up 15 ¾ to 33 ¾ cents...

ZMN24 : 384.4 (-0.83%)
ZLN24 : 44.46 (+1.41%)
ZSK24 : 1235-2 (+0.04%)
ZSPAUS.CM : 11.8707 (-0.09%)
ZSN24 : 1247-6 (-0.08%)
ZSX24 : 1227-2 (+0.61%)
ZSPX24US.CM : 11.6541 (+0.65%)
Corn Slightly Lower on Tuesday Morning

Corn prices are down 1 ¾ cents across the front months on Tuesday morning. They quickly erased Monday’s overnight weakness once the day session began, as contracts rallied throughout the day. Futures...

ZCK24 : 455-6 (-0.27%)
ZCPAUS.CM : 4.4438 (-0.33%)
ZCN24 : 467-6 (-0.27%)
ZCZ24 : 488-0 (-0.10%)
ZCPZ24US.CM : 4.5850 (-0.10%)
Pure Hedge - Livestock and Grain

Grains Much Higher, as Feeders Fall.

Soybean Rally Leads to 4-Month High

Soybeans ended the Monday session withing a few cents from the day’s high. Contracts were up 15 ¾ to 33 ¾ cents across the board at the close. Forecasts for heavy rain totals in Southern Brazil, on...

ZMN24 : 384.4 (-0.83%)
ZLN24 : 44.46 (+1.41%)
ZSK24 : 1235-2 (+0.04%)
ZSPAUS.CM : 11.8707 (-0.09%)
ZSN24 : 1247-6 (-0.08%)
ZSX24 : 1227-2 (+0.61%)
ZSPX24US.CM : 11.6541 (+0.65%)

Key Turning Points

3rd Resistance Point N/A
2nd Resistance Point 370-6
1st Resistance Point 370-6
Last Price 370-6s
1st Support Level 370-6
2nd Support Level 370-6
3rd Support Level N/A

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52-Week High 473-0
Fibonacci 61.8% 431-4
Fibonacci 50% 418-6
Fibonacci 38.2% 406-0
Last Price 370-6s
52-Week Low 364-4

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