CBOT Corn Stays Rangebound; Coming NASS Data, Weather, Ukrainian Conflict Limits New Positions: CBOT corn futures steady to weaker in thin volume ahead of potential weekend headline risks from the Black Sea. Other breaking news is absent, but clients should be prepared for even more intense volatility as the market slowly begins to focus on…
CBOT Corn Surges on Russian Rhetoric; Export Sales Confirm Ongoing Shift in Demand to US Market: CBOT corn futures ended 14-23 cents higher as Ukrainian conflict premium returned and as world importers turn to US supply. May CBOT at $7.50 needs constant bullish fuel to attract new buying but ARC maintains that the US will…
CBOT Corn Falls with Wheat; US Ethanol Data Unexciting: CBOT corn futures ended sharply lower following AM reports suggesting Russian demands to end conflict in Ukraine are becoming more realistic. However, there is no corroborating evidence that suggests a resolution is near – but headline risk persists. Similar to weather markets, prices will move swiftly…
CBOT Corn Recovers on End User Pricing; World Market Follows: CBOT corn ended steady to higher with May’s premium to July widening to $.35/Bu. There was no specific catalyst for the move but a ceasefire in Ukraine remains unlikely. US corn remains rather cheap in the world marketplace, with futures in Brazil and Europe following…
CBOT Corn Corrects Following Deliveries Against Expiring March Contract; Downside Risk Limited: CBOT corn futures ended weak amid unexpected deliveries posted against March (17 contracts) and errant rumors of ceasefire in Ukraine. Losses were compounded by weak volume, and though there is no sign that Russian-Ukrainian resolution is near, today’s action does highlight newfound headline…
Contact
submission
You have successfully added an item to your cart! You may view the contents of your cart and proceed with checkout, or continue shopping.
Multiuser
subscription
How many users would you like to add?
