Corn Jul '23 (ZCN23)
Corn Futures Market News and Commentary
Corn futures rounded out the Wednesday session with contracts fading the midday gains and closing 1 to 2 ¾ cents in the red. Some deferreds finished the day higher. There were another 203 deliveries issued against September corn overnight. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.98 3/4.
Wednesday’s EIA report showed ethanol production in the week that ended on August 28 at 1.11 million barrels per day, down just 2,000 bpd on the week. Stocks saw a draw of 171,000 barrels to 25.036 million barrels. Refiner inputs of ethanol rose 17,000 bpd to 940,000 bpd as exports slipped 58,000 bpd to 104,000 bpd.
USDA will be out with Export Sales data on Thursday morning with traders looking for between net cancellations of 200,000 MT and sales of 200,000 MT for 2025/26 corn. New crop 2026/27 bookings are seen in a range of 500,000 MT to 1.6 MMT for the week ending on August 27.
An Allendale producer survey estimates the US corn yield at 178.7... Read more
Barchart · 46 minutes ago
Corn futures rounded out the Wednesday session with contracts fading the midday gains and closing 1 to 2 ¾ cents in the red. Some deferreds finished the...
Barchart · 46 minutes ago
Soybeans ended the back and forth Wednesday session with contracts down 4 to 7 ¾ cents in most front months. The cmdtyView national average Cash Bean...
Barchart · 46 minutes ago
The wheat complex closed the midweek session with winter wheats fading lower and spring wheat closing higher. Chicago SRW contracts were down 2 to 9 ¼...
Walsh Trading · 1 hour ago
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Barchart · 44 minutes ago
Live cattle futures closed with contracts down 65 cents to $2.10. Cash trade has picked up in the north this week at $345-350 dressed, steady on the week,...
Barchart · 44 minutes ago
Corn futures rounded out the Wednesday session with contracts fading the midday gains and closing 1 to 2 ¾ cents in the red. Some deferreds finished the...
Barchart · 44 minutes ago
Soybeans ended the back and forth Wednesday session with contracts down 4 to 7 ¾ cents in most front months. The cmdtyView national average Cash Bean...
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