Latest news with #cornfutures
Yahoo
15 hours ago
- Business
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Corn Showing Slight Losses on Thursday
Corn futures are showing fractional to 2 cent losses across most front months on Thursday. The front month CmdtyView national average Cash Corn price is down 1/4 cents at $3.87. Export Sales data was released this morning, with USDA showing 741,226 MT of old crop corn sold in the week of June 19 in the middle of the trade ideas of between 0.5 and 1.2 MMT. That was the lowest since the first week of 2025, but still 36.7% above the same week last year. Colombia was the top buyer of 191,000 MT, with 178,900 MT sold to Japan. Sales for 2025/26 were near the top end of the 100,000 and 350,000 MT estimates at 305,506 MT, a 6-week high. Mexico was the lead buyer of 138,500 MT, with 124,000 MT to unknown destinations. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil West African Cocoa Crop Optimism Weighs on Prices Sugar Prices Boosted by Strength in Crude Oil Prices Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. USDA will release their June Acreage report on Monday. Traders are looking for an average of 95.4 million acres planted this spring, which would be slightly below the March Intentions report. The range of estimates is a wide 93.8 to 96.8 million bushels. The International Grains Council trimmed their world production estimate by 1 MMT to 1.276 billion MT, with consumption up 1 MMT. Their carryout estimate for world corn was down 2 MMT to 282 MMT. Jul 25 Corn is at $4.09 3/4, down 1/2 cent, Nearby Cash is at $3.87, down 1/4 cent, Sep 25 Corn is at $4.04 1/4, down 3/4 cent, Dec 25 Corn is at $4.21 1/4, down 1 1/4 cents, New Crop Cash is at $3.78 1/4, down 1 cent, 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
21 hours ago
- Business
- Yahoo
Corn Seeing Buying Ahead the Weekend
Corn futures are trading with contracts 4 to 6 cents higher at Friday's midday, as traders square up ahead of the Friday USDA reports. The front month CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.92 3/4. Ahead of the USDA Grain Stocks report, analysts estimate a total of 4.625 billion bushels of corn in stocks on June 1. That would be down 372 mbu from the year prior if realized. The range of estimates is at 4.459 to 4.798 bbu. Monday's Acreage report is expected to show 95.4 million acres for corn according to a Bloomberg survey, up ~200,000 acres from March. Coffee Prices Move Higher as the Dollar Falls Cocoa Prices Jump as Ghana Cuts its Cocoa Production Forecast Sugar Prices Tumble on an Expected Global Sugar Surplus Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Export Sales data has total commitments at 67.574 MMT, which is 99% of USDA's full year projection and slightly behind the 100% average sales pace. Statistics Canada data from this morning showed estimated Canadian corn acreage at 3.732 million acres, up 2.2% from a year ago. Jul 25 Corn is at $4.15 1/2, up 6 cents, Nearby Cash is at $3.92 3/4, up 5 3/4 cents, Sep 25 Corn is at $4.09, up 5 cents, Dec 25 Corn is at $4.25 1/4, up 4 1/4 cents, New Crop Cash is at $3.82 1/2, up 4 1/2 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
a day ago
- Business
- Yahoo
Corn Losses Extend to Wednesday's Close
Corn futures settled Wednesday with losses of 6 to 7 ¼ cents across most contracts to extend to new contract lows for several front months. Lack of a threatening forecast moving into July is putting pressure on the market. The front month CmdtyView national average Cash Corn price was down 6 cents at $3.87 1/2. The Wednesday EIA report showed ethanol output pulling back 28,000 barrels per day in the week that ended on June 20 to 1.081 million bpd. That was a 4-week low. Stocks of ethanol were up 284,000 barrels to 24.404 million barrels. Ethanol exports were down 53,000 bpd wk/wk to 110,000 bpd, with refiner inputs of ethanol up 3,000 bpd to 913,000 bpd. Gasoline product supplied (implied gasoline use) was the largest since December 2021 at 9.688 million bpd. Coffee Prices Extend 2-week Plunge as Frost Risks Recede in Brazil Have the Wheels Fallen Off the Corn Market? Coffee Prices Continue to Fall on Reduced Frost Risk in Brazil Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Rains are falling in the Western Corn Belt and will continue in the next couple days. The 7-day total shows 1 to 4 inches in the ECB, lighter totals in IL and IN. Export Sales data will be released on Thursday morning, with the trade looking for between 0.5 and 1.2 MMT of old crop corn sold in the week that ended on June 19. Sales for 2025/26 are estimated to total between 100,000 and 350,000 MT. USDA will release their June Acreage report on Monday. Traders are looking for an average of 95.4 million acres planted this spring, which would be slightly below the March Intentions report. The range of estimates is a wide 93.8 to 96.8 million bushels. A South Korean importer purchased a total of 266,000 MT of corn in a tender overnight. Brazil is raising their level of ethanol mandated to be mixed with gasoline from 27% to 30% after approval from the National Energy Policy Council. Jul 25 Corn closed at $4.10 1/4, down 6 cents, Nearby Cash was $3.87 1/2, down 6 cents, Sep 25 Corn closed at $4.05, down 7 1/4 cents, Dec 25 Corn closed at $4.22 1/2, down 6 1/2 cents, New Crop Cash was $3.79 1/4, down 6 1/2 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
3 days ago
- Business
- Yahoo
Corn Pressure Lower on Monday, Conditions Drop After the Close
Corn futures ended the Monday session with contracts down 7 to 9 ½ cents. The front month CmdtyView national average Cash Corn price was down8 3/4 cents at $3.96 1/4. Crude oil was down $6.70 at the close, as the market is failed much upside follow through reaction following the US strikes on Iran nuclear facilities over the weekend. Iran released a missile attack on a US base in Qatar on Monday, though they gave the White House a heads up and no damage was reported. The market expects to see things quiet down following the back and forth. After the Monday close, USDA Crop Progress report showed corn at 97% emerged across the country, 1 point behind the five year average pace. The crop was also listed a 4% silking, ahead of the 3% average pace. Condition ratings were down 2 percentage points to 70% good/excellent, below the trade ideas of 72%. The Brugler500 index was 3 points lower to 376 points. Coffee Prices Rebound on Slack Rain in Brazil Slack Rain and Frost Threats in Brazil Push Coffee Prices Sharply Higher Cocoa Prices Surge as Ivory Coast Cocoa Exports Slow Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Export Inspections data showed 1.48 MMT (58.13 mbu) of corn shipped in the week that ended on June 19, which was down 12.91% from the week prior, but still up 28.07% from the same week last year. Mexico was the top destination of 345,857 MT, with 249,885 MT headed to Japan. Marketing year shipments have totaled 53.547 MMT (2.108 bbu) since September 1, 28.51% larger yr/yr. The delayed CFTC report showed managed money increasing their net short position in corn futures and options by another 20,768 contracts as of June 17th. Their net short position nearly a week ago was 184,788 contracts. Brazil's second crop corn harvest is estimated at 13% complete in the center-south region, according to AgRural, which is well below the 34% from this point last year. Jul 25 Corn closed at $4.19 1/4, down 9 1/2 cents, Nearby Cash was $3.96 1/4, down 8 3/4 cents, Sep 25 Corn closed at $4.17 1/2, down 8 cents, Dec 25 Corn closed at $4.33 3/4, down 7 1/2 cents, New Crop Cash was $3.90 1/2, down 7 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 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
19-06-2025
- Business
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Corn Rallying in the New Crop Months
Corn futures are trading with contracts mixed, as nearby July is down 2 cents and other months up 4 to 6 cents. The front month CmdtyView national average Cash Corn price was down 2 cents at $4.09 1/4. Rains are scattered over much of the Corn Belt on for the next week according to the NOAA 7-day QPF. What's Next for the Corn Market? Recent Rain in Brazil Eases Dry Conditions and Weighs on Coffee Prices Can Brent Crude Take Out $75 as Iran-Israel Conflict Drives Global Oil Prices? 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! After the Monday close, USDA Crop Progress report showed corn at 94% emerged across the country, on par with the five-year average pace. Condition ratings were up 1 point to 72% good/excellent, as the Brugler500 index was one point higher to 379 points. Ratings were shifting over the Corn Belt, with IN and IA slipping back 4 points, and TX down 16. Improvement was noted in NE, up 8, with IL and MN 2 points higher and ND 3 points higher. Jul 25 Corn is at $4.32 3/4, down 2 cents, Nearby Cash is at $4.09 1/4, down 2 cents, Sep 25 Corn is at $4.25, up 5 1/4 cents, Dec 25 Corn is at $4.39 3/4, up 4 3/4 cents, New Crop Cash is at $3.97, up 5 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 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
