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Corn Dec '22 (ZCZ22)
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Corn Futures Market News and Commentary

Corn Fades to Red after USDA Data

Corn finished the last trade day of the week with fractional to 2 ½ cent losses across the front months. That left the March contract at just a ¾ cent gain for the week’s trade. USDA did not adjust the cash average price, still at $4.85. 

USDA’s weekly Ethanol report showed the cash average price was UNCH to 13 cents/gal weaker from $1.54 to $1.80/gal regionally. The regional DDGS markets saw trade from $170-$190 in MI to $240 in KS, mostly $5 to $20 weaker for the week. The cash corn oil market was mostly 1 to 4 cents/lb cheaper, from 53 to 56 cents/lb regionally. 

Weekly CFTC data showed corn spec traders were closing shorts and adding longs during the week that ended 12/5. That left the group with a 160,533 contract net short. The commercial hedgers were closing longs through the week, flipping them back to net short by 39,754 contracts. 

USDA announced a 165k MT corn sale to unknown destinations this morning. The main news, however, was USDA’s monthly WASDE rep... Read more

Contract Specifications

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Contract
Corn
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$50
Margin/Maintenance
$1,732/1,575
First Notice Date
11/30/22
Expiration Date
12/14/22 (expired)

Seasonal Chart

Corn Dec '22
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Dec 5, 2023

View Chart Details
Commercials - Long / Short
586,174 (-29,871)
448,420 (+7,535)
Non-Commercials - Long / Short
272,899 (+21,705)
383,338 (-25,004)
Producers - Long / Short
375,937 (-37,538)
429,673 (+5,234)
Swap Dealers - Long / Short
197,899 (+6,554)
6,409 (+1,188)
Managed Money - Long / Short
181,404 (+25,472)
338,232 (-29,723)
Other Reportables - Long / Short
91,495 (-3,767)
45,106 (+4,719)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
623-0 +2.57%
on 12/06/22
675-0 -5.33%
on 11/15/22
-18-2 (-2.78%)
since 11/14/22
3-Month
623-0 +2.57%
on 12/06/22
706-4 -9.55%
on 10/10/22
-43-2 (-6.34%)
since 09/14/22
52-Week
539-2 +18.50%
on 12/15/21
766-2 -16.61%
on 05/16/22
+93-2 (+17.09%)
since 12/14/21

More Corn Quotes

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ZCH24 : 485-2 (unch)
ZWZ23 : 615-0s (-1.76%)
Corn Fades to Red after USDA Data

Corn finished the last trade day of the week with fractional to 2 ½ cent losses across the front months. That left the March contract at just a ¾ cent gain for the week’s trade. USDA did not adjust...

ZCZ23 : 465-4 (unch)
ZCPAUS.CM : 4.5492 (-0.01%)
ZCH24 : 485-2 (unch)
ZCK24 : 497-0 (unch)
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The Friday soybean trade settled with prices 4 to 7 ¾ cents in the red. The Jan contract spiked below the $13 round number after the report, but futures closed back above the mark. Jan beans printed a...

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ZSPAUS.CM : 12.6024 (+0.95%)
ZSH24 : 1334-2 (+0.85%)
ZSK24 : 1347-6 (+0.79%)
Wheats Faded into the Weekend

After a week of buying into the data release and seeing a mostly bull-friendly update, wheat futures pulled back into the weekend. Chicago futures went home 9 to 11 cents in the red, but still 29 cents...

ZWZ23 : 615-0s (-1.76%)
ZWH24 : 625-2 (-1.03%)
KEZ23 : 655-6s (-0.98%)
MWZ23 : 712-6s (unch)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 647-6
2nd Resistance Point 646-0
1st Resistance Point 642-4
Last Price 639-0s
1st Support Level 637-2
2nd Support Level 635-4
3rd Support Level 632-0

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52-Week High 766-2
Fibonacci 61.8% 679-4
Fibonacci 50% 652-6
Last Price 639-0s
Fibonacci 38.2% 626-0
52-Week Low 539-2

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