Corn Pit May '17 (CK17)
Price PerformanceSee More
|Period||Period Low||Period High||Performance|
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-7-2 (-1.96%)since 04/12/17
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-20-2 (-5.30%)since 02/10/17
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-46-4 (-11.39%)since 05/12/16
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Corn futures are trading fractionally higher this morning. They ended the Monday session with most contracts 2 to 4 cents lower, pressured by another week of low export inspections. Open interest showed some net new selling, up 9,011 contracts in the preliminary report. Most of that was in the March. The USDA announced a private export sale of 110,000 MT of corn to Mexico for 17/18 delivery Monday morning. Their weekly Export Inspections report indicated shipments of 658,403 MT for the week ending 12/7. That was 24.53% lower than this week last year but up 8.8% from the previous week. Analysts are estimating the USDA will trim the 17/18 US corn ending stocks number by 9 mbu to 2.478 bbu later this morning. World ending stocks for 17/18 are projected to be trimmed 1.14 MMT to 202.72 MMT.
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