Corn Mar '24 (ZCH24)
Corn Futures Market News and Commentary
Corn price action is unchanged across the front months so far on Friday morning. Futures were down 1 ¾ to 4 ¼ cents across the board on Thursday, as pressure pushed the market lower into the close. Preliminary open interest was down 8,417 contracts, implying modest long liquidation. The CmdtyView national average Cash Corn price was down 3 1/4 cent to $4.22 1/2. The CBoT will be closed on Monday for Memorial Day, with the Tuesday session showing a normal open.
USDA’s Export Sales data showed 2.125 MMT in old crop corn business for the week of 5/14, exceeding estimates. That was a 17-week high and 78.5% above the same week last year. Japan was the buyer of 779,800 MT, with 463,800 MT sold to South Korea and 342,200 MT to Mexico. New crop business was tallied at 281,430 MT, the third largest total for the marketing year. Much of that was to Mexico at 255,100 MT, with 22,000 sold to unknown.
A couple South Korean importers purchased corn in tenders overnight, buying 203,000... Read more
Barchart · Fri May 22, 7:31AM CDT
Soybeans are trading with Friday AM gains of 2 to 3 cents. Futures posted Thursday losses of 1 ¼ to 6 ¾ cents across the board at the close. Open interest...
Barchart · Fri May 22, 7:31AM CDT
Wheat is showing 1 to 3 cent lower trade action on Friday morning. The wheat complex was under pressure across the three exchanges on Thursday. Chicago...
Barchart · Fri May 22, 7:31AM CDT
Corn price action is unchanged across the front months so far on Friday morning. Futures were down 1 ¾ to 4 ¼ cents across the board on Thursday, as...
Barchart · Thu May 21, 5:19PM CDT
Corn futures were down 1 ¾ to 4 ¼ cents across the board on Thursday, as pressure pushed the market lower into the close. The CmdtyView national average...
Barchart · Thu May 21, 5:19PM CDT
The wheat complex was under pressure across the three exchanges on Thursday. Chicago SRW futures were 5 to 13 cents in the red on the day. KC HRW futures...
Barchart · Thu May 21, 5:19PM CDT
Soybeans posted Thursday losses of 1 ¼ to 6 ¾ cents across the board at the close. The cmdtyView national average Cash Bean price was down 6 1/2 cents...
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