CBOT Corn Follows Wheat to Modest Losses: CBOT corn futures ended modestly weaker. Wheat’s plunge ahead of first notice day was not ignored. The appetite for new risk will be increased once December corn moves into a deliverable position. US and South American corn basis have started to firm as end users use the break…
CBOT Corn Crawls Back to Unchanged; Fundamental Input Remains Bullish: CBOT corn futures ended near unchanged after being down nearly $.10/Bu overnight. Soil moisture improvement across South America’s corn belt will be only regional in nature. Delayed soy planting and development continue to pose a major risk to safrinha production. Most in important nearby is…
CBOT Corn Rallies on hot/dry South American Weather; US Ethanol Exports to Improve: CBOT corn futures ended 4-6 cents higher. The overall story is little changed as the world feedgrain markets becomes more concerned over weather pattern stagnation in South America. ARC’s bet is that Brazil’s interior cash market will set fresh highs in the…
CBOT Corn Ends Firm; Models Subtract Rainfall from Central Argentina: CBOT corn futures ended marginally higher. Managed funds on Tuesday were long a net 278,000 contracts, down 3,000 from the previous week. Current fund length rightfully accounts for the loss of Black Sea production and record US exports. Whether funds choose to test peak market…
CBOT Corn Weakens; US Balance Sheet Tightening: CBOT corn closed slightly lower. Spot WTI crude has been unable to settle above $42/barrel since September. The Argentine forecast maintains hope for better rainfall next week across their northern areas. Periodic profit taking is fully expected amid current enlarged fund length, which ARC estimates at 270,000 contracts.…
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?
