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Corn Dec '24 (ZCZ24)

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Corn Futures Market News and Commentary

Corn Pulling Back Ahead of Export Sales Release

Corn prices are down 2 to 2 ½ cents so far on Thursday morning. Futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from cmdtyView was up 4 cents at $4.00 1/2 per bu.

Weekly Export Sales data is expected to show corn bookings for the week ending on September 26 in a range of 0.6 to 1 MMT for 2024/25, with 2025/26 sales estimated to be 0 to 50,000 MT.

The weekly EIA report showed ethanol production at 1.015 million barrels per day during the week that ended on September 27. That was a 21,000 bpd increase from the week prior. Stocks were down 65,000 barrels at 23.459 million barrels. Refiner inputs were back up 8,000 bpd to 908,000 bpd, with exports up 15,000 to 102,000 bpd. 

Dec 24 Corn  closed at $4.32 1/2, up 3 1/2 cents, currently down 2 1/2 cents

Nearby Cash  was $4.00 1/2, up 4 cents,

Mar 25 Corn  closed at $4.5... 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
$1,320/1,200
First Notice Date
11/29/24 (57 days)
Expiration Date
12/13/24 (71 days)

Seasonal Chart

Corn Dec '24
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Sep 24, 2024

View Chart Details
Commercials - Long / Short
639,476 (+16,038)
537,283 (+17,934)
Non-Commercials - Long / Short
326,166 (-11,668)
390,388 (-13,741)
Producers - Long / Short
355,049 (+12,781)
487,728 (+18,522)
Swap Dealers - Long / Short
249,240 (+2,159)
14,368 (-1,686)
Managed Money - Long / Short
197,394 (-13,410)
337,705 (-17,136)
Other Reportables - Long / Short
128,772 (+1,742)
52,683 (+3,395)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
397-0 +8.38%
on 09/12/24
434-2 -0.92%
on 10/02/24
+21-0 (+5.13%)
since 09/03/24
3-Month
385-0 +11.75%
on 08/27/24
434-2 -0.92%
on 10/02/24
+10-6 (+2.56%)
since 07/03/24
52-Week
385-0 +11.75%
on 08/27/24
527-6 -18.47%
on 10/20/23
-84-2 (-16.38%)
since 10/03/23

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Most Recent Stories

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Wheat Pulling Back on Thursday AM

Wheat is slipping lower so far to begin Thursday trade. Futures continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board....

KEH25 : 632-0 (-0.35%)
MWZ24 : 647-6 (-0.19%)
KEZ24 : 616-4 (-0.44%)
ZWZ24 : 609-6 (-0.89%)
ZWH25 : 632-2 (-0.78%)
Soybean Selling Kicking Off Thursday Trade

Soybeans are trading with 11 to 12 cent losses across the nearbys to start Thursday. They ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up...

ZLZ24 : 44.06 (+0.96%)
ZMZ24 : 334.7 (-1.67%)
ZSPAUS.CM : 9.8506 (-0.80%)
ZSX24 : 1048-0 (-0.76%)
ZSX24 : 1048-0 (-0.76%)
ZSF25 : 1066-4 (-0.72%)
Corn Pulling Back Ahead of Export Sales Release

Corn prices are down 2 to 2 ½ cents so far on Thursday morning. Futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to...

ZCPAUS.CM : 3.9738 (-0.76%)
ZCZ24 : 429-2 (-0.75%)
ZCZ24 : 429-2 (-0.75%)
ZCH25 : 447-0 (-0.67%)
Grain Markets Catch Their Breath

Watch us on RFD-TV, today at 12:45pm CT! Corn and wheat futures have had an impressive rally recently while soybeans have struggled to follow along. Markets are catching their breath in the early morning...

Soybeans Settle Mixed on Wednesday

Soybeans ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up ½ to 1 ½ cents. CmdtyView’s national front month Cash Bean price was down 1 1/2...

ZLZ24 : 44.06 (+0.96%)
ZMZ24 : 334.7 (-1.67%)
ZSPAUS.CM : 9.8506 (-0.80%)
ZSX24 : 1048-0 (-0.76%)
ZSX24 : 1048-0 (-0.76%)
ZSF25 : 1066-4 (-0.72%)
Corn Extends Strength on Wednesday

Corn futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from...

ZCPAUS.CM : 3.9738 (-0.76%)
ZCZ24 : 429-2 (-0.75%)
ZCZ24 : 429-2 (-0.75%)
ZCH25 : 447-0 (-0.67%)
Wheat Rallies Double Digits on Wednesday

Wheat continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board. KC HRW contracts posted a 18 ½ to 21 cent rally across...

KEH25 : 632-0 (-0.35%)
MWZ24 : 647-6 (-0.19%)
KEZ24 : 616-4 (-0.44%)
ZWZ24 : 609-6 (-0.89%)
ZWH25 : 632-2 (-0.78%)
Pure Hedge - Livestock and Grain

I See Opportunity in The Coming WASDE Report

Corn Producer Relief Rally Underway – Will Stored Old Crop Corn Finally Be Priced?

Managed money began liquidating their record short positions in mid-July. Prices declined until late August when a potential seasonal low was $3.85. Producers of unpriced stored carry-over corn have patiently...

ZCH25 : 447-0 (-0.67%)
CORN : 18.67 (-0.59%)
XNH25 : 446-6 (-0.72%)
Shootin' the Bull About Cattle Strength in Today's Trade

Today's strength in the livestock futures was impressive with fats, feeders and hogs all posting solid gains.  The November contract led the way closing up $3.72 @ 248.40.  In the fats, the December...

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 440-6
2nd Resistance Point 437-4
1st Resistance Point 435-0
Last Price 429-6
1st Support Level 429-2
2nd Support Level 426-0
3rd Support Level 423-4

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52-Week High 527-6
Fibonacci 61.8% 473-2
Fibonacci 50% 456-3
Fibonacci 38.2% 439-4
Last Price 429-6
52-Week Low 385-0

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