Latest news with #Corn
Yahoo
2 days ago
- Business
- Yahoo
Corn Facing Pressure to Start New Week
Corn price action is 1 to 2 cents lower on Monday morning. Futures closed out the Friday session with contracts 2 to 3 cents in the red as forecasts remain wet. September was down 9 cents on the week. Preliminary open interest suggested net new selling, up 19,204 contracts on Friday. The CmdtyView national average new crop Cash Corn price was down 2 1/4 cents at $3.77 As we round out July and start August, rain is expected to make its way from the northern Plains most of the Eastern Corn Belt in the next week, with 1 to 2 inches. CFTC data from Friday afternoon showed a total of 2,610 contracts added back to the net short in the managed money position as of July 22 to 177,365 contracts. More News from Barchart Does the 2025 Corn Crop Have a Pollination Problem? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Weekly Export Sales data has total corn export commitments at 70.110 MMT, which is above the USDA estimate for the full year and compared to the 102% average pace by now. Exports are now 60.172 MMT, or 86% of the USDA number and behind the 89% average. Over the weekend, President Milei of Argentina announced a reduction in the export tax for corn back to 9.5%, from 12%. AgRural estimates the Brazilian second corn crop at 68% harvested as of Thursday, shy of the 91% complete from the same week last year.. Sep 25 Corn closed at $3.99 1/2, down 2 1/4 cents, currently down 1 1/4 cents Nearby Cash was $3.84 1/1, down 3 cents, Dec 25 Corn closed at $4.19, down 1 3/4 cents, currently down 1 1/2 cents Mar 26 Corn closed at $4.36 1/2, down 1 3/4 cents, currently down 2 cents New Crop Cash was $3.77, down 2 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Corn Posting Early Friday Weakness
Corn price action is weaker to start Friday, with losses of 2 to 3 cents. Futures rounded out the Thursday session with contracts up 3 to 4 cents at the close. Preliminary open interest was up 13,077 contracts on Thursday. The CmdtyView national average new crop Cash Corn price was up 3 cents at $3.78. USDA reported a private export sale of 135,000 MT of corn sold to South Korea (corrected from China as USDA originally posted) on Thursday morning for new crop shipment. Another 284,196 MT was reported for unknown destinations, with 83,956 MT for 2024/25 and 200,240 MT for 2025/26. More News from Barchart Coffee Prices Settle Higher on Brazil Weather Risks Weather Risks in Brazil Boost Coffee Prices Cocoa Prices Finish Sharply Lower as Chocolate Demand Wanes Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Export Sales data showed a total of 643,060 MT of 2024/25 corn sold in the week ending on July 17. That was well above the week prior and nearly double the same week last year. Mexico was the top buyer of 346,200 MT, with 72,400 MT sold to Japan. New crop sales were tallied at 733,939 MT, back up from last week's 3-week low. Unknown destinations was the top buyer of 349,700 MT, with 171,800 MT to Japan. Another round of tenders by South Korean importers saw estimated purchases of at least 268,000 MT. Part of that was likely from the US as noted above. Sep 25 Corn closed at $4.01 3/4, up 3 1/4 cents, currently down 2 ¾ cents Nearby Cash was $3.87 3/4, up 2 1/4 cents, Dec 25 Corn closed at $4.20 3/4, up 3 1/4 cents, currently down 2 1/2 cents Mar 26 Corn closed at $4.38 1/4, up 3 1/2 cents, currently down 2 1/4 cents New Crop Cash was $3.78, up 3 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
Corn Slipping Lower Out of the Weekend
Corn prices are trading with 1 to 2 cent losses early on Monday morning. Futures closed the Friday session with contracts up 6 to 7 cents across most front months. September was up 12 ½ cents on the week. Preliminary open interest on Friday was up 10,834 contracts, indicating the short covering was limited, with some fresh longs. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents. Commitment of Traders data showed managed money covering some shorts in the week ending on July 15, with their net short down 29,106 contracts to 174,755 contracts. Commercials added 10,113 contracts to their net short position to 40,294 contracts. More News from Barchart What is Watson Watching in the Grains Sector this Week? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Following some weekend rains across the Corn Belt, forecasts continue to call for totals near an inch over parts of the ECB later in the week. The Dakotas, MN, WI, and northern IA are expected to receive 1-2 and in some cases up to 4 inches in the early part of this week. Export Sales data has both shipped and unshipped sales at 69.467 MMT, which is 99% of the current USDA forecast, lagging behind the 102% 5-year average pace. Shipments are 59.114 MMT, at 85% of the USDA numbers and behind the 88% pace. Sep 25 Corn closed at $4.08 1/2, up 6 1/2 cents, currently down 1 3/4 cents Nearby Cash was $3.95, up 6 1/2 cents, Dec 25 Corn closed at $4.27 3/4, up 6 3/4 cents, currently down 2 cents Mar 26 Corn closed at $4.44 3/4, up 6 1/2 cents, currently down 1 3/4 cents New Crop Cash was $3.85 1/4, up 6 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
19-07-2025
- Business
- Yahoo
Corn Rallies into the Weekend
Corn future closed the Friday session with contracts up 6 to 7 cents across most front months. Short covering was likely a culprit heading into a weekend, as September was up 12 ½ cents on the week. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents. Commitment of Traders data showed managed money covering some shorts in the week ending on July 15, with their net short down 29,106 contracts to 174,755 contracts. Commercials added 10,113 contracts to their net short position to 40,294 contracts. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Cocoa Prices Plunge as Global Cocoa Demand Wanes Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Forecasts are calling for above normal temps as we round out July, following warmer overnight temps over the past few weeks in parts of the ECB. Rain is expected across much of the Corn Belt. Export Sales data has both shipped and unshipped sales at 69.467 MMT, which is 99% of the current USDA forecast, lagging behind the 102% 5-year average pace. Shipments are 59.114 MMT, at 85% of the USDA numbers and behind the 88% pace. Sep 25 Corn closed at $4.08 1/2, up 6 1/2 cents, Nearby Cash was $3.95, up 6 1/2 cents, Dec 25 Corn closed at $4.27 3/4, up 6 3/4 cents, Mar 26 Corn closed at $4.44 3/4, up 6 1/2 cents, New Crop Cash was $3.85 1/4, up 6 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
16-07-2025
- Business
- Yahoo
Corn Bulls Post Gains on Wednesday
Corn futures extended the strength on Wednesday, as contracts were 4 to 5 cents in the green at the final bell. The front month CmdtyView national average Cash Corn price was up 4 1/4 cents at $3.92 3/4. EIA data released this morning put average daily ethanol production at 1.087 million barrels per day during the week that ended on July 11, up 2,000 bpd the previous week. Ethanol stocks were down 324,000 barrels to 23.635 million barrels. That was despite exports slipping 27,000 bpd to 94,000 bpd, with refiner inputs slipping 22,000 bpd to 880,000 bpd. More News from Barchart Coffee Prices Fall Back After Monday's Surge Coffee Prices Fall Back After Monday's Surge Cocoa Prices Fall on Weak Malaysian Demand Report Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Export Sales data will be released on Thursday morning, with the trade looking for old crop bookings in a range of 0.5 to 1.2 MMT. New crop sales are seen in a range of 400,000-900,000 MT. Sep 25 Corn closed at $4.05 1/4, up 4 cents, Nearby Cash was $3.92 3/4, up 4 1/4 cents, Dec 25 Corn closed at $4.24, up 4 1/4 cents, Mar 26 Corn closed at $4.41, up 4 1/4 cents, New Crop Cash was $3.82 1/1, up 4 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
