Corn Mar '22 (ZCH22)
Corn Futures Market News and Commentary
Weak corn futures continued through Wednesday’s midday with the board another 8 1/2 to 9 1/4 cents in the red so far. Prices were down 15+ cents earlier in the day.
Argentina’s market is closed for trading today due to the First National Government federal holiday, trading will resume tomorrow.
EIA data showed ethanol production averaged over a million barrels per day through the week that ended 5/20. At 1.014m bpd, that was the most since March. Ethanol stocks drew down another 79k barrels to 23.712 million.
EU import data from the European Commission showed 14.66 MMT of corn had been brough in this season through 5/22. That is up 1.02 MMT from last year’s imports to date.
Jul 22 Corn is at $7.63 1/4, down 8 1/2 cents,
Nearby Cash is at $7.56 7/8, down 8 1/8 cents,
Sep 22 Corn is at $7.31 3/4, down 9 1/4 cents,
Mar 23 Corn is at $7.19 3/4, down 9 1/4 cents,
New Crop Cash is at $7.09 7/8, down 9 cents,
- Corn Market Off Lows, Still Down for Midday
Weak corn futures continued through Wednesday’s midday with the board another 8 1/2 to 9 1/4 cents in the red so far. Prices were down 15+ cents earlier...
- Midweek Weakness for Soy Futures
So far for Wednesday, the soybean market is trading red. Beans are down 12 to 17 1/2 cents in new crop and 20+ cents in old crop. Soymeal futures are giving...
- Wheats Lower on Wednesday
Through midday, wheat futures are giving back more of the premium from last week’s rally. Chicago is down 23 1/4 to 30 1/4 cents at midday. KC wheat...
- Top Farmer Midday Update 05-25-2022
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- Grains Take Another Diven. The Corn & Ethanol Report 05/25/2022
We start off the day with MBA Mortgage Index (20/May), MBA Mortgage Refinance Index (20/May), MBA Purchase Index (20/May), MBA Mortgage Applications (20/May)...
- Follow Through Selling for Wheat
Following the downward momentum from last week’s Wednesday, wheat futures are down another double digits going into the day session. Kansas City HRW...