Corn May '24 (ZCK24)
Corn Futures Market News and Commentary
Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average Cash Corn price was down1 1/2 cents at $4.08. Crude oil was down $16.45 on the day following a 2-week ceasefire between Iran and the US that includes the reopening of the Strait of Hormuz.Â
EIA data from this morning showed ethanol at a total of 1.116 million barrels per day in the week ending on 4/3. That was a 41,000 bpd increase on the week. Stocks saw a 62,000 barrel increase, to 26.053 million barrels. Exports were up 80,000 bpd to 203,000 bpd, as refiner inputs were down 8,000 bpd to 895,000 bpd.
Export Sales data will be released on Thursday, with analysts looking for 0.75-1.6 MMT in old crop corn commitments. New crop is seen 0-100,000 MT.
Ahead of the Thursday WASDE update, analysts surveyed by Bloomberg are looking for a slight increase (3mbu) from March to 2.13 bbu for the US carryout projection. World endi... Read more
Barchart 20 minutes ago
Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average...
Barchart 20 minutes ago
Soybeans closed the Wednesday session with contracts steady to 3 ¾ cents in the green, getting support from meal. The cmdtyView national average Cash...
Barchart 20 minutes ago
The wheat complex was under pressure on Wednesday as money was coming out with pressure from crude oil. Chicago SRW futures was down 13 to 17 ¾ cents...
Barchart Wed Apr 8, 12:29PM CDT
Corn futures are bouncing off the early session lows with contracts down 3 to 5 cents at midday. The CmdtyView national average Cash Corn price is down...
Barchart Wed Apr 8, 12:29PM CDT
The wheat complex is falling on Wednesday with weakness spilling over from the crude oil. Chicago SRW futures is down 18 to 19 cents on the day. KC HRW...
Barchart 21 minutes ago
Lean hog futures were weaker on Wednesday, as contracts closed with losses of a dime in some deferreds to $2.40 in June. USDA’s national base hog price...
Barchart 21 minutes ago
Cotton futures closed Wednesday with mixed action as contracts were anywhere from 38 points higher to 20 points lower. The US dollar index was $0.832 lower...
Barchart 22 minutes ago
Live cattle futures saw gains of a nickel in August to $1.30 in some deferred contracts on Wednesday. Cash trade has yet to get kicked off this week, with...
Barchart 22 minutes ago
Corn futures saw some buying off the early overnight lows, but still managed to close with losses of 1 ¾ to 3 ½ cents. The CmdtyView national average...
Barchart 22 minutes ago
Soybeans closed the Wednesday session with contracts steady to 3 ¾ cents in the green, getting support from meal. The cmdtyView national average Cash...
Barchart 22 minutes ago
The wheat complex was under pressure on Wednesday as money was coming out with pressure from crude oil. Chicago SRW futures was down 13 to 17 ¾ cents...
Barchart 42 minutes ago
Bank of America just cut Carvana to "Neutral," warning that an Iran‑driven oil shock could squeeze fuel‑heavy delivery costs and slow the stock’s...
Barchart 1 hour ago
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +2.51%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.85%, and the Nasdaq 100 Index...
