Corn Mini Jul '12 (XNN12)
Corn Mini Futures Market News and Commentary
Corn futures fell back off midday gains on Tuesday, with contracts steady to 1 ½ cents lower, with a ¾ cent gain in front month July. The CmdtyView national average Cash Corn price was up 1 1/2 cents at $3.86 1/4.Â
USDA reported a private export sale of 120,000 MT of old crop corn to unknown destinations this morning.Â
NASS Crop Progress data from Monday showed 97% of the US corn crop planted by June 7, with emergence at 86%, near the 5-year average. US condition ratings were 67% in good to excellent condition, steady with the previous week. The Brugler500 index was up 1 point on higher excellent ratings to 372. Conditions dropped in TX by 11 points and IN by 10. Improvement was noted in IA (+2), NE (+4), and IL (+5).
USDA will release their monthly WASDE report on Thursday, with a Bloomberg survey of traders looking for a 6 mbu cut to old crop corn US carryout at 2.136 bbu, with new crop seen at 1.947 bbu, a 10 mbu reduction if realized.Â
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Barchart · 51 minutes ago
Corn futures fell back off midday gains on Tuesday, with contracts steady to 1 ½ cents lower, with a ¾ cent gain in front month July. The CmdtyView national...
Barchart · 51 minutes ago
Soybeans were weaker on Tuesday, with contracts closing fractionally to 4 ¾ cents lower. The cmdtyView national average Cash Bean price was up 1/4 cent...
Barchart · 51 minutes ago
The wheat complex posted mixed action on Tuesday. Chicago SRW were up ½ to 2 cents in the front months on Tuesday, with other contracts down ¼ to 1 ½...
Blue Line Futures · Tue Jun 9, 3:44PM CDT
The grain markets started to separate from crude oil price action a few weeks ago but it was interesting that even crude couldn’t bounce much today after...
Walsh Trading · Tue Jun 9, 3:42PM CDT
Cattle Markets Continue to Look Strong and Trade Higher - The Grain Could Continue Lower for a While.
Swift Trading Company · Tue Jun 9, 3:00PM CDT
Last Thursday's low, to last Friday's high, remains the trading range for fats. I don't expect prices to come out of that range this week.
Barchart · 53 minutes ago
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Barchart · 53 minutes ago
Soybeans were weaker on Tuesday, with contracts closing fractionally to 4 ¾ cents lower. The cmdtyView national average Cash Bean price was up 1/4 cent...
Barchart · 53 minutes ago
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Barchart · 53 minutes ago
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