Corn Dec '19 (ZCZ19)
Corn Futures Market News and Commentary
Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and Iran were inching closer to a deal over the weekend, though there is nothing set as of this morning. Futures closed the Friday session with contracts 1 to 2 cents higher, as July was up 7 ½ cents last week. December firmed up 5 ½ cents. Open interest was up 14,802 contracts on Friday. The CmdtyView national average Cash Corn price was up a penny to $4.23 1/2.Â
A couple private export sale announcements were reported on Friday morning, with 493,700 MT to Mexico (225,000 MT for 25/26 and 268,700 MT for 26/27) and 110,000 MT to unknown (50,000 for 25/26 and 60,000 MT for 26/27).
The weekly CFTC update from Friday showed managed money trimming back their net long by 6,129 contracts in the week ending on 5/19. That took their net long position in corn futures and options to 293,354 contracts.
USDA’s Export Sales data s... Read more
Barchart · 51 minutes ago
Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and...
Barchart · 51 minutes ago
Wheat is feeling pressure from oil losses early on Tuesday morning with contracts down 2 to 7 cents. Crude oil is a pressure factor, down $3.85 from Friday,...
Barchart · 51 minutes ago
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Educational and Actionable information using Fibonacci and W.D. Gann analysis.
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Barchart · 54 minutes ago
Corn price action is resuming trade on Tuesday morning with losses of 4 to 5 cents. Crude oil is a pressure factor, down $3.85 from Friday, as the US and...
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