Corn Mini Sep '23 (XNU23)
Corn Mini Futures Market News and Commentary
Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average Cash Corn price was down1 1/2 cents at $4.08. Crude oil was down $16.45 on the day following a 2-week ceasefire between Iran and the US that includes the reopening of the Strait of Hormuz.Â
EIA data from this morning showed ethanol at a total of 1.116 million barrels per day in the week ending on 4/3. That was a 41,000 bpd increase on the week. Stocks saw a 62,000 barrel increase, to 26.053 million barrels. Exports were up 80,000 bpd to 203,000 bpd, as refiner inputs were down 8,000 bpd to 895,000 bpd.
Export Sales data will be released on Thursday, with analysts looking for 0.75-1.6 MMT in old crop corn commitments. New crop is seen 0-100,000 MT.
Ahead of the Thursday WASDE update, analysts surveyed by Bloomberg are looking for a slight increase (3mbu) from March to 2.13 bbu for the US carryout projection. World endi... Read more
Barchart Wed Apr 8, 4:18PM CDT
The wheat complex was under pressure on Wednesday as money was coming out with pressure from crude oil. Chicago SRW futures was down 13 to 17 ¾ cents...
Barchart Wed Apr 8, 4:18PM CDT
Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average...
Barchart Wed Apr 8, 4:18PM CDT
Soybeans closed the Wednesday session with contracts steady to 3 ¾ cents in the green, getting support from meal. The cmdtyView national average Cash...
Barchart Wed Apr 8, 12:29PM CDT
The wheat complex is falling on Wednesday with weakness spilling over from the crude oil. Chicago SRW futures is down 18 to 19 cents on the day. KC HRW...
Barchart Wed Apr 8, 12:29PM CDT
Soybeans are trading with mixed action as front months are up 1 to 2 cents and deferred down fractionally. The cmdtyView national average Cash Bean price...
Barchart 2 minutes ago
Public Service Enterprise is expected to announce its fiscal first-quarter earnings shortly, and analysts project a low single-digit profit rise.
Barchart 14 minutes ago
Valero Energy is scheduled to release its fiscal first-quarter earnings later this month, and analysts project a robust triple-digit earnings growth.
Barchart 32 minutes ago
Public Storage will release its first-quarter earnings soon, and analysts anticipate a marginal FFO dip.
Barchart 38 minutes ago
Equinix will release its first-quarter earnings later this month, and analysts anticipate a marginal FFO dip.
Barchart 42 minutes ago
MetLife will release its first-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
Barchart 46 minutes ago
QUALCOMM will release its second-quarter earnings later this month, and analysts anticipate a double-digit profit dip.
Barchart 48 minutes ago
Oil prices and stocks had soared on the escalation of the Iran war, but a two-week ceasefire sent them plummeting. However, regardless of whether the ceasefire...
Barchart 50 minutes ago
Generac Holdings will release its first-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
