Corn Mar '22 (ZCH22)
Corn Futures Market News and Commentary
Corn price action is down 2 to 3 cents in most contracts on Monday morning trade. Futures saw continued long liquidation heading onto the weekend, with contacts down another 2 ¼ to 7 cents. July was down 29 ½ cents on the week(-45 cents in 2 weeks), with December falling 29 cents. Open interest suggested net new selling, up 9,025 contracts on Friday, despite the Goldman Roll starting with July down 31,039 contracts and September up 7,685 contracts. The CmdtyView national average Cash Corn price was down 6 3/4 cents at $3.83 1/4.Â
CFTC’s Commitment of Traders report showed managed money at a net long of 115,082 contracts on Tuesday, June 2 (20 cents ago). That was a reduction of 90,422 contracts on that week. Much of that was via longs exiting (-63,160), with shorts coming in moderation (+27,262 contracts)
Weekly Export Sales data has the US corn export commitments at 81.766 MMT, up 26% from the same week last year. That is 98% of the USDA export projection and ahead of t... Read more
Barchart · 59 minutes ago
Soybeans are showing 2 to 3 ½ cent losses across most contracts on Monday morning. Futures faced more weakness to close out the week, as contracts were...
Barchart · 59 minutes ago
Corn price action is down 2 to 3 cents in most contracts on Monday morning trade. Futures saw continued long liquidation heading onto the weekend, with...
Barchart · 59 minutes ago
Wheat is showing mixed action with soft wheat weaker and hard red contracts higher. The wheat complex saw continued weakness on Friday, though a few contracts...
Blue Line Futures · Mon Jun 8, 6:02AM CDT
One month ago corn was flirting with overbought. Today the RSI sits near 25 — the most oversold we've seen in years. Managed Money bolted for the exits,...
ONE44 Analytics · Sun Jun 7, 12:40PM CDT
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
Bull Strangle Newsletter · Sat Jun 6, 10:55AM CDT
Most traders focus on price charts. Spread traders should focus on forward curves. The shape of the forward curve reveals how the market values time, provides...
Barchart · 3 minutes ago
Dominion Energy has underperformed the Dow over the past year, and analysts are cautious about the stock’s prospects.
Barchart · 11 minutes ago
Fortinet has notably outperformed the Cybersecurity industry over the past year, but analysts are cautious about the stock’s prospects.
Barchart · 39 minutes ago
Palo Alto Networks delivered strong free cash flow (FCF) growth (+57%), and its FCF margin rose to 37.5% of sales. Management expects to see 40% in FY...
Barchart · 48 minutes ago
As Lennar has lagged behind its peers over the past year, Wall Street analysts maintain a bearish outlook on the stock’s prospects.
Barchart · 1 hour ago
Cotton price action is trading with 20 to 56 points across the front months on Monday morning. Futures faced outside pressure on Friday, with contracts...
Barchart · 1 hour ago
Soybeans are showing 2 to 3 ½ cent losses across most contracts on Monday morning. Futures faced more weakness to close out the week, as contracts were...
Barchart · 1 hour ago
Corn price action is down 2 to 3 cents in most contracts on Monday morning trade. Futures saw continued long liquidation heading onto the weekend, with...
Barchart · 1 hour ago
Lean hog futures posted Friday losses of 30 cents to $2.80, led by July, as June was down $1.55 this week. Open interest was down 4,142 contracts on Friday....
