Corn Dec '19 (ZCZ19)
Corn Futures Market News and Commentary
Corn futures are 3 1/2 cents to 4 cents lower at midday. The one day delayed weekly export sales update showed corn export sales were 19.2% higher wk/wk as of 11/07. The 581,568 MT of sales, however, were only 65.16% of the same week last year. The USDA also reported weekly exports for the week ending 11/07, showing that 602,235 MT, or 23.71 mbu, were shipped for the week. That is 89.5% higher wk/wk, but still well below the same week last year. Corn accumulated shipments are up to 178.78 mbu, 61.23% below last year’s pace. EIA weekly ethanol production averaged 1.03 million barrels per day with stocks at 20.985 million barrels. Strategie Grains cut their 19/20 EU maize crop estimate 100,000 MT to 63.5 MMT, despite an increase in French production.
DEC 19 Corn is at $3.71 3/4, down 4 cents,
MAR 19 Corn is at $3.81 1/4, down 3 1/2 cents,
MAY 20 Corn is at $3.87, down 3 3/4 cents
JUL 20 Corn is at $3.92 3/4, down 3 3/4 cents... Read more
- Here Is My Soybean Trade
Risk/Reward In Your Favor
- Daily Grain & Cotton Commentary
Will decent export sales help support grain prices into the weekend?
- TFM Sunrise Update _ Nov 15, 2019
Grains flat/weak overnight... remain on slippery slope; US/China trade negotiations reach demands from both sides.