Corn Sep '24 (ZCU24)
Corn Futures Market News and Commentary
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted modest losses to close out April with contracts ¼ to 3 ½ cents. There were 19 delivery notices on First Notice Day for May futures. Preliminary open interest was up 9,485 contracts on Thursday, mainly in the new crops. The CmdtyView national average Cash Corn price was down 2 1/2 cents at $4.32 3/4.Â
A large portion of the Corn Belt should be able to get some crop in the ground over the next 5 days. Day 6 and 7 of NOAA’s 7-day QPF shows 1 to 1.5 inches of rain expected in much of MO and the ECB.
USDA’s Export Sales report released on Thursday indicated 1.598 MMT of old crop corn sales in the week of 4/23. That was the largest sales total since late February. Colombia was the top buyer of 420,300 MT, with 261,400 MT to Mexico, 239,300 MT to Venezuela, and 224,400 MT to unknown. New crop business was at 0, compared to esti... Read more
Barchart · 1 hour ago
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted...
Barchart · 1 hour ago
Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all...
Barchart · 1 hour ago
Soybeans are extending higher on Friday morning, with contracts up 3 to 4 cents. Futures bounced off early session lows on Thursday to close with contracts...
Klarenbach Research · 1 hour ago
Nearby soybeans battle $12.00 as farmers watch the 200-week moving average. Our analysis shows why this market rally could reach a $12.70 target.
Barchart · 1 hour ago
July soybean meal futures present a swing-trade buying opportunity on more price strength.
Blue Line Futures · Fri May 1, 5:43AM CDT
April proved to be another strong month for grains. Can the winning streak continue in May? Fundamental catalysts and technical tailwinds may be able...
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Barchart · 1 hour ago
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted...
Barchart · 1 hour ago
Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all...
Barchart · 1 hour ago
Live cattle futures posted mixed trade at the close, with contracts down $1.25 to $1.60 higher in the expiring April contract. Cash trade got kicked off...
Barchart · 1 hour ago
Lean hog futures were down 25 cents to $1.65 at the Thursday close. Open interest suggested some modest long liquidation, down 3,105 contracts. USDA’s...
Barchart · 1 hour ago
Cotton prices are up 40 to 45 points on Friday AM trade. Futures closed the Thursday session gains of the 3 cent limit in July, with in delivery May up...
