Corn Mar '19 (ZCH19)
Corn Futures Market News and Commentary
Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures closed the Friday session with contracts 1 to 2 cents higher, as July was up 7 ½ cents last week. December firmed up 5 ½ cents. Open interest was up 14,802 contracts on Friday. The CmdtyView national average Cash Corn price was up a penny to $4.23 1/2.Â
A couple private export sale announcements were reported on Friday morning, with 493,700 MT to Mexico (225,000 MT for 25/26 and 268,700 MT for 26/27) and 110,000 MT to unknown (50,000 for 25/26 and 60,000 MT for 26/27).
The weekly CFTC update from Friday showed managed money trimming back their net long by 6,129 contracts in the week ending on 5/19. That took their net long position in corn futures and options to 293,354 contracts.
USDA’s Export Sales data s... Read more
Barchart · Tue May 26, 10:08AM CDT
Upcoing USDA crop progress reports, as well as a potential for a weather market scare, are key catalysts to watch this week and ahead.
Barchart · Tue May 26, 7:28AM CDT
Wheat is feeling pressure from oil losses early on Tuesday morning with contracts down 2 to 7 cents. Crude oil is a pressure factor, down $3.85 from Friday,...
Barchart · Tue May 26, 7:28AM CDT
Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and...
Barchart · Tue May 26, 7:28AM CDT
Soybeans are showing 3 to 5 ½ cent lower trade so far on Tuesday morning. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were...
Blue Line Futures · Tue May 26, 6:01AM CDT
Grain markets are under pressure coming out of the long weekend, with weakness in energies playing a role. Is the top in, or is this still just a healthy...
Barchart · Tue May 26, 5:27AM CDT
Predicting social media posts that create market moving headlines is becoming too easy.
Barchart · 8 minutes ago
Despite the surge, Micron’s valuation still looks attractive relative to its earnings growth potential.
Barchart · 17 minutes ago
Microsoft lost a major backer after Dan Loeb’s Third Point abandoned its AI fueled wager for fresh opportunities elsewhere.
Barchart · 19 minutes ago
Demand for Palantir’s Artificial Intelligence Platform (AIP) continues to accelerate, supporting its revenue and earnings.
Barchart · 46 minutes ago
Workday stock jumped 5% after beating Q1 earnings estimates and raising its full-year margin forecast. Here's why this could be the start of something...
Barchart · 49 minutes ago
As gas prices surge nationwide, Costco is turning this into a benefit, and even President Donald Trump appears to be betting on the retail giant’s resilience....
Barchart · 51 minutes ago
ARM stock is climbing to fresh highs after Jefferies argued Nvidia’s Vera CPU momentum could dramatically accelerate Arm’s long-term royalty growth...
Barchart · 58 minutes ago
July NY world sugar #11 (SBN26 ) today is down -0.14 (-0.95%), and Aug London ICE white sugar #5 (SWQ26 ) is down -5.40 (-1.22%). Sugar prices are sliding...
Barchart · 1 hour ago
Wedbush added Datadog stock to its AI 30 list, calling it a top beneficiary of the AI boom. Here's why DDOG looks like a compelling long-term buy right...
