Corn Pit Dec '23 (CZ23)
Corn (Pit) Futures Market News and Commentary
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted modest losses to close out April with contracts ¼ to 3 ½ cents. There were 19 delivery notices on First Notice Day for May futures. Preliminary open interest was up 9,485 contracts on Thursday, mainly in the new crops. The CmdtyView national average Cash Corn price was down 2 1/2 cents at $4.32 3/4.Â
A large portion of the Corn Belt should be able to get some crop in the ground over the next 5 days. Day 6 and 7 of NOAA’s 7-day QPF shows 1 to 1.5 inches of rain expected in much of MO and the ECB.
USDA’s Export Sales report released on Thursday indicated 1.598 MMT of old crop corn sales in the week of 4/23. That was the largest sales total since late February. Colombia was the top buyer of 420,300 MT, with 261,400 MT to Mexico, 239,300 MT to Venezuela, and 224,400 MT to unknown. New crop business was at 0, compared to esti... Read more
Barchart · Fri May 1, 7:35AM CDT
Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all...
Barchart · Fri May 1, 7:35AM CDT
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted...
Barchart · Fri May 1, 7:35AM CDT
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