Corn Dec '21 (ZCZ21)
Corn Futures Market News and Commentary
Corn futures bounced on the last trade day of the week, headed into the break on 6 1/2 to 9 cent gains. For December that limited the week’s loss to just 4 1/4 cents. December ’21 is again a premium to red Dec. USDA reported corn oil prices from 61 to 61.75 cents/lb during the week of 10/15. That compared to 60.8 to 61.7 c/lb last week. DDGS prices at the Gulf were lower to between $214 - $233/ton, while PNW FOB quotes ranged $255 - $262/ton.
USDA’s weekly Export Sales data showed 1.04 MMT of corn was booked through the week of 10/7. Mexico was the top buyer during the week, booking 790,200 MT – of which 479,256 MT was previously announced. The week’s 918k MT of shipments were down 6% from last week, but still the second largest for the season. Accumulated exports were at 3.415 MMT through 10/7 according to the weekly data.
Weekly CFTC data showed managed money was 227,931 contracts net long as of 10/12. That was a 22.7k contract slide to their net position from last... Read more
- Grains rebound on demand hopes
Howdy market watchers! The feeling of fall is finally here and it’s never felt so good! We have also been blessed with more timely rains this last week...
- Top Farmer Closing Commentary 10-15-21
TFM Cash+ Take the Stress Out of Your Marketing Strategy. No hedge account. No margin calls. Just comprehensive, common-sense guidance at a great value....
- Wheats Rally Into Weekend
At the bell for Friday, front month wheat futures had faded from their double digit gains, but were still in the black. Chicago SRW prices closed 8 to...
- Double Digit Friday Gains for Soybeans
Going into the weekend, soybean futures were 10 to 11 1/2 cents in the black. For November, that ended the week with a 25 1/4 cent loss from Friday to...
- Corn Rallies into Weekend
Corn futures bounced on the last trade day of the week, headed into the break on 6 1/2 to 9 cent gains. For December that limited the week’s loss to...
- Grain Spreads: KC Wheat
Calendar Spread in KC Wheat Examined