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Corn Dec '23 (ZCZ23)
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Corn Futures Market News and Commentary

Tuesday Gains for Corn Market

After a back and forth session, the corn futures market was in the black at the close. July futures were near the high for the day and ended with a 10 1/2 cent gain. The Dec contract traded within a 13 3/4 cent range and netted a 4c gain. 

The Barchart initial cmdtyView Corn Yield estimate is for a 177.92 bpa. Taking that off 84.24m harvested acres left their production forecast at 14.988 bbu.

Survey respondents would not be surprised if USDA trimmed the projected 23/24 corn crop. The average trade guess is to see a 30 mbu trim to 15.235 billion, though the lowest estimate cuts production by 290 mbu. The average trade guess for yield is 0.2 bpa lower at 181.3 from UNCH to 1.5 smaller. Estimates for new crop carryout range from a 192 mbu cut to a 148 mbu boost. The average trade estimate is to see 2.237 bbu. 

 

Jul 23 Corn  closed at $6.08, up 10 1/2 cents,

Nearby Cash   was $6.38 1/2, up 9 3/4 cents,

Sep 23 Corn  closed at $5.34 1/2, up 4 1/4 cent... 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
$1,870/1,700
First Notice Date
11/30/23 (177 days)
Expiration Date
12/14/23 (191 days)

Seasonal Chart

Corn Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of May 30, 2023

View Chart Details
Commercials - Long / Short
685,222 (+2,336)
613,012 (+45,958)
Non-Commercials - Long / Short
274,956 (-7,924)
295,363 (-49,784)
Producers - Long / Short
399,553 (-3,558)
572,169 (+39,721)
Swap Dealers - Long / Short
261,381 (+2,419)
16,555 (+2,762)
Managed Money - Long / Short
176,111 (+3,182)
222,957 (-47,621)
Other Reportables - Long / Short
98,845 (-11,106)
72,406 (-2,163)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
490-6 +10.24%
on 05/18/23
548-0 -1.28%
on 06/05/23
+6-2 (+1.17%)
since 05/05/23
3-Month
490-6 +10.24%
on 05/18/23
576-2 -6.12%
on 03/29/23
-29-0 (-5.09%)
since 03/06/23
52-Week
490-6 +10.24%
on 05/18/23
661-4 -18.22%
on 06/17/22
-88-2 (-14.02%)
since 06/06/22

More Corn Quotes

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Most Recent Stories

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Mixed Close for Wheat Market

Chicago wheat futures ended the day in the black, while the hard red futures faded. The front month SRW prices were 2 3/4 to 3 3/4 cents higher at the close. KC HRW futures ended the day down by 2 to 3...

ZWN23 : 625-6 (-0.32%)
ZWU23 : 637-6 (-0.35%)
ZWPAES.CM : 5.7779 (+0.79%)
KEN23 : 816-2 (-0.49%)
KEPAWS.CM : 7.7921 (-0.47%)
MWN23 : 811-0 (-0.67%)
Soybeans Close Higher on Tuesday

After a back and forth session the soybean futures market ended Tuesday with gains. Beans were up 3 1/4 to 5 1/4 cents at the close. July futures printed a 23 3/4 cent range from -9 3/4 to +14. Soymeal...

ZSYAUS-BIW.CM : 50.64 (unch)
ZSN23 : 1356-0 (+0.20%)
ZSPAUS.CM : 13.2503 (+0.28%)
ZSQ23 : 1267-0 (+0.10%)
ZSU23 : 1192-4 (unch)
Tuesday Gains for Corn Market

After a back and forth session, the corn futures market was in the black at the close. July futures were near the high for the day and ended with a 10 1/2 cent gain. The Dec contract traded within a 13...

ZCYAUS-BIW.CM : 177.92 (unch)
ZCN23 : 607-0 (-0.16%)
ZCPAUS.CM : 6.3751 (+1.56%)
ZCU23 : 530-6 (-0.70%)
ZCZ23 : 537-4 (-0.65%)
Grain Futures Prices Rally on Declining Crop Conditions

Grain futures prices rally on declining crop conditions. Hot and dry weather conditions throughout the Midwest continue to raise concerns over drought.

Shootin' the Bull about higher and higher cattle

Seemingly, the breaking of the consumers spending habit has been slow.  Gasoline prices remain elevated over diesel fuel, suggesting more consumer spending than business spending

Barchart’s Initial 2023 Crop Production and Yield Estimates Indicates Decreased Corn and Soybean Levels in Contrast to USDA

Today, Barchart released its initial 2023 Yield and Production forecasts for US corn and soybeans. The initial forecasts see end-of-season U.S. corn production at 15B bu with a yield of 177.9 bu/ac. This...

Wheat Market Giving Back AM Gains

The wheat market has slid into the red after digesting the Black Sea event through Tuesday. CBT SRW futures were up by as much as +20 cents in the front months, but are currently fractionally to 2 cents...

ZWN23 : 625-6 (-0.32%)
ZWU23 : 637-6 (-0.35%)
ZWPAES.CM : 5.7779 (+0.79%)
KEN23 : 816-2 (-0.49%)
KEPAWS.CM : 7.7921 (-0.47%)
MWN23 : 811-0 (-0.67%)
Soybeans Trading Fractionally Mixed through Midday

Front month soybean futures attempted a turnaround Tuesday bounce, but have backed off into midday. The current board is fractionally mixed with Nov 10 cents off the high and July off by 15 cents. Soymeal...

ZSYAUS-BIW.CM : 50.64 (unch)
ZSN23 : 1356-0 (+0.20%)
ZSPAUS.CM : 13.2503 (+0.28%)
ZSQ23 : 1267-0 (+0.10%)
ZSU23 : 1192-4 (unch)
Corn Backs Off Into Midday

Corn futures were pushing higher for a turnaround Tuesday, but the market has slipped off its highs into midday. July is still up by 5 1/2 cents, 7 off the high, while the new crop prices are 2 to 3 1/4...

ZCYAUS-BIW.CM : 177.92 (unch)
ZCN23 : 607-0 (-0.16%)
ZCPAUS.CM : 6.3751 (+1.56%)
ZCU23 : 530-6 (-0.70%)
ZCZ23 : 537-4 (-0.65%)
3 Dividend Kings to Buy if Times Get Tough

The United States has yet to enter a recession, but even if we continue in this downturn or come out of it, these three Dividend Kings are top performers to consider.

MMM : 98.29 (+0.32%)
JNJ : 158.18 (-0.09%)
PG : 144.49 (-0.99%)

Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 561-2
2nd Resistance Point 554-0
1st Resistance Point 547-4
Last Price 537-6
1st Support Level 533-6
2nd Support Level 526-4
3rd Support Level 520-0

See More

52-Week High 661-4
Fibonacci 61.8% 596-2
Fibonacci 50% 576-1
Fibonacci 38.2% 556-0
Last Price 537-6
52-Week Low 490-6

See More

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