Corn Jul '23 (ZCN23)
Corn Futures Market News and Commentary
Corn futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Spillover gains from wheat and increasing Black Sea strikes was supportive. The CmdtyView national average Cash Corn price was 20 1/4 cents higher at $4.27 1/4.
This morning’s Crop Production report from NASS showed yield at 180.7 bpa, with planted acreage raised by 1.4 million acres from the June report to 96.7 million acres, with harvested up 1.2 to 88.6 million acres. FSA data showed prevent plant acres for corn at 1.355 million acres. Production was tallied at 16.013 bbu, which was 13 mbu above the July WASDE number and nearly 80 mbu above estimates.
Per WASDE data, ending stocks for 2025/26 were down 75 mbu from last month on an increase to exports at 1.945 bbu. New crop stocks were pegged at 1.653 bbu due to the lower carryover and increased new crop export potential. World ending stocks were down 0.6 MMT for the new crop estimates... Read more
Barchart · 1 hour ago
Corn futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Spillover gains...
Barchart · 1 hour ago
Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was...
Barchart · 1 hour ago
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board...
Klarenbach Research · Wed Aug 12, 1:43PM CDT
Analyze post-WASDE soybean market volatility on the 1-minute chart and see why grain marketers go flat before major USDA news events.
Barchart · Wed Aug 12, 11:38AM CDT
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts are 16 to 18 ¼ cents so far on the day. KC HRW...
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Barchart · 1 hour ago
Live cattle futures posted $2.00 to $2.97 losses across the board. There were no deliveries issued against August futures on Wednesday. Cash trade has...
Barchart · 1 hour ago
Cotton futures saw strength on Wednesday, with contracts 8 to 48 points higher, as December was the lone holdout, down a tick. Crude oil was down just...
Barchart · 1 hour ago
Corn futures closed the Wednesday session with contracts down 18 to 20 ½ cents in through next July, with deferreds up 4 to 11 ½ cents. Spillover gains...
Barchart · 1 hour ago
Lean hog futures closed the midweek session with contracts 22 to 95 cent gains, as soon to expire August was down 20 cents. USDA’s national base hog...
Barchart · 1 hour ago
Soybeans posted 6 to 17 ¼ cent gains on Wednesday despite a neutral to slightly bearish USDA report. The cmdtyView national average Cash Bean price was...
Barchart · 1 hour ago
The wheat complex is trading with sharp midday gains across the three exchanges. Chicago SRW contracts were 13 ¾ to 22 ½ cents higher across the board...
Barchart · Wed Aug 12, 4:11PM CDT
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