Corn Sep '23 (ZCU23)
Corn Futures Market News and Commentary
Corn futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil was down $2.03 on the day after late reports that the US and Iran were reviewing a Pakistan proposed 2-week ceasefire ahead of Tuesday nights deadline. Corn longs were likely taking some risk off the table heading into the evening.
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.
Monday’s Crop Progress report showed the US corn crop at 3% planted, which was ahead of the 2% average over the last 5 years.  All states reporting progress were ahead of normal.
EIA data will be released on Wednesday, with analysts expecting to show a bounce back in ethanol production from the week prior.
Brazil’s corn export total in March totaled 983,029 MT according to trade data, which was up 12.82% from last year but down 3... Read more
Walsh Trading Tue Apr 7, 8:10PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The first daily chart below for...
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Soybeans posted Tuesday losses of 6 to 9 cents in the nearby contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 cents at $10.89...
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Corn futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil was down...
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The wheat complex was mixed on Tuesday, with the soft red contracts higher. Chicago SRW futures posted 1 to 3 cent in the red on the day. KC HRW futures...
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The World Waits to See if a Deal Can Be Made Before 8:00pm Eastern Time - If a Deal is Made, Crude Oil Could Tank - Moving All Markets
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Managed Money Long all wheat Classes
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Cotton futures closed the session with contracts 28 to 40 points in the red. The US dollar index was $0.375 lower at $99.480. Crude oil was down $2.03...
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Live cattle futures settled with front month April up 17 cents and other contracts down 50 cents to $1.22. There were no deliveries issued for April on...
Barchart Tue Apr 7, 4:56PM CDT
Soybeans posted Tuesday losses of 6 to 9 cents in the nearby contracts on Tuesday. The cmdtyView national average Cash Bean price was down 8 cents at $10.89...
Barchart Tue Apr 7, 4:56PM CDT
Corn futures were 4 to 5 cents lower on the session. The CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.10 1/2. Crude oil was down...
Barchart Tue Apr 7, 4:56PM CDT
The wheat complex was mixed on Tuesday, with the soft red contracts higher. Chicago SRW futures posted 1 to 3 cent in the red on the day. KC HRW futures...
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Jefferies believes this commerce stock could actually benefit from AI instead of becoming a victim.
