** CBOT Extends Recovery on Rumored Chinese Interest: CBOT corn futures rallied 4-7 cents. Few if any deliveries against expiring March are expected. China has begun accepting applications for import tariff waivers. Rumors abound that China has shown interest for US corn, but no actual sales or even calls to major exporters can be confirmed.…
** CBOT Recovers as China Begins Accepting Duty Waiver Applications Tuesday: CBOT corn futures ended higher. Macro markets lent support with global equity rising record amounts despite the ongoing spread of coronavirus. ARC’s bet is that the virus’s impact on world financial markets is far from over. Yet, corn was technically oversold, and it’s become…
** CBOT Corn Ends Firm; Chart Healing Needed: CBOT corn futures ended flat as contracts on Thursday touched oversold technical conditions. The market in recent weeks has digested rising South American production potential as well slowing future GDP growth. It’s tough to be fundamentally bearish below $3.60, basis May, but the spark needed to trigger…
** CBOT Corn Hits Contract Lows; World Market Prepares for South American Crop: CBOT corn futures ended 4-6 cents weaker amid further losses in global energy and equity markets. There’s still very little corn-specific news available but the spark needed to sustain short covering is absent. US corn export sales through the week ending Feb…
** CBOT Corn Continues Slide; Weekly Ethanol Data Uninspiring: CBOT corn futures slightly weaker as end users remain cautious and weekly US ethanol data continues to indicate more than ample inventories. It’s important that rain materializes as forecast in Argentina in mid-March. Otherwise global feedgrain cash markets on Wednesday were quiet. US ethanol production last…
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?
