Corn Futures - May 23 (Cc3)

674.50
+3.00(+0.45%)
  • Prev. Close:
    671.5
  • Bid/Ask:
    674.00/674.50
  • Day's Range:
    671.25 - 675.00
  • Type:Commodity
  • Group:Agriculture

US Corn Futures Discussions

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(3449)
  • Despite the economy situation and the crash in financial market ,many still make profit my investing with their little capital,I invested $500 and earns back my profit of $9,000 .I recommend you to write him on WhàtsÀpp 📲+1 437 266 0952.
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    • wasnt the crop report coming middle of this month?
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      • Quarterly is eom
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    • Rail strike will take this commodity price through the roof.
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      • If they can't move grain, it will be worthless
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      • If they can't move grain, it will be worthless
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      • Duply demamd
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    • Some shortcovering before Monday !?
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      • Corn grows in Leland, Miss. American corn is on track to produce its lowest yield since the drought of 2012, analysts say. (Rory Doyle/Bloomberg News)
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        • should trade below 600
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          • Delayed?
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            • US corn seems very expensive on the market but not stopping higher moves.
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              • Seems like the high dollar has no effect today.
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                • It's definitely a inverse market....US harvest pressure and strong dollar can't override the fundamental news of tight carry over, worldwide lower yields (as the drought in the US is taking the tops out yields) , who's gonna feed those hogs in China...they are having major issues with water levels for their hydroelectric power generation ...just imagine how little rain they got for crops...in conclusion, surviving this poor production of major feed stocks like corn may lead to some major price increases this year. Catch this though....a poor start to the 2023 cropping season could have a monumental price increase...when ever an inverse market in corn happens (prices up during US harvest season...look at last year's charts)...it ignores practically any fundamental news due to supply issues....least that's how I see it
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              • Seems like another "inverse market" lining up. Typically harvest pressure in the USA pushes prices lower, however, similar to last year's market. After the first of the year any glitch in weather, supplies or carry out could send corn much higher. If it hits $7.5 this year...all bets are off and anything wouldn't surprise me.
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                • This still remains within the trend channel having recently tested the supply zone of the channel and succeeded in holding. The gargantuan downward impulse seen in july has proven to be insufficient to revese the trend, for now. The market should be on course for a supply zone test.
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                  • Daily assessment: bears failed to materialize bearish pennant pattern and loses ground to bulls who close price back above 50 and 250 daily MA. Price likely headed to retest the H&S tops breakdown level at approx 720.
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                  • Most importantly - Never fight a trend. Good trading to you all.
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                  • I like your charts! Thx for that
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                • I see a lot of 'drought' spam in comments, so it'll continue crashing.560 soon.... again!
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                  • Lol
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                • hoe is this 658 changed to price per kilogram?
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                  • Time to buy IMO.
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                    • It needs to catch up with soybeans, wheat and gasoline and dump some more.
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                      • look for 600 million to 1 billion fewer bushels harvested in the USA.
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                        • Rob Steinerar Kane is a permabear his thoughts are irrelevant
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                        • Kr KrNot true, I'll turn bullish on $50 crude, $3.5 corn, $5 wheat and $1.5 gasoline
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                        • AR Kane😂😂😂
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                      • This will be going parabolic soon.. supply is not there.
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                        • Parabolic to the downside?
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                        • AR KaneHahaha
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                      • pro-farmer said 168.1 bu/ac in the 8 largest states, back to 8.00 bu soon.
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                        • About that... https://www.reuters.com/markets/commodities/diverging-us-corn-soybean-yields-would-be-rare-outcome-2022-08-30/
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                      • Lots of buying into the close
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                        • Record on all crops coming out from Brazil in the next months, just add it to the pile.
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                          • what pile, I keep hearing about china drought, Europe drought, us drought, Africa drought India drought?
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                          • Suppose to be record last year. How did that turn out?
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                          • With rates close to zero and everyone flush with cash, very different situation now.
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                        • Okay, I have a bit of a silly question but I kindly ask for a serious answer: Why are Tostitos (tortilla chips, so obviously made from corn, corn oil, and salt) nearly $7 a bag? No, I don't blame farmers. The price has come up but has also receded a bit. Besides, corn is nearly $7 a bushel, and obviously not that much corn goes into a bag of chips. I understand greed on behalf of companies like Tostitos and grocery store mark-ups but I blame Tostitos. Seriously, why the massive increase? Not long ago it was like a 1/3rd of the price. Please don't respond with inflation, Brandon, etc. because not everything has come up in price the way this has. Some things, yes, but there has to be some sort of explanation for this price gouging on a half-empty bag of chips.
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                          • Thanks... as much as I trade WTI & RBOB, I wasn't thinking about those input costs. The USD is the strongest it's been in over 20 years, it's astonishing that doesn't have downward pressure on prices.
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                          • Also, there are a plethora of different types of corn hybrids grown for different uses. Field corn (US#2 yellow corn) mainly animal feed, ethanol and corn syrup. White corn for chips, corn nuggets, etc...sweet corn (Caned and on the cob)...popcorn....Indian corn...are the most popular....so white corn (flour corn) has a few more obstacles to complete due to human consumption...however...every answer thus far as some bearing...personally if I was a manufacturer...I'd be in no hurry hiring employees, increasing production or coming up with solutions for solving supply issues...especially when almost all industries have the "supply chain" and "no workers" crutches for raising prices....seems a great excuse for a shortage and reduced labor expenses and hefty profit margins
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                          • PepsiCo's profit margin for June 2022 was 7.01% on the upside
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                        • Another bad year for crops in china. The heatwave is obliterating crops in some areas. They're likely to import to offset crop deficits again.. The recent climate change really is just too devastating to ignore, even rivers are drying up.
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                          • Iowa is critical to corn output in the US, the world’s top producer and exporter. Without a bumper harvest in the Hawkeye State, it’s unlikely that acres from the eastern half of the crop belt will be able to make up for the losses recorded earlier this week in the west. All that adds up to the possibility of a national production deficit and more global food inflation. // Bloomberg
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                            • Yields look closer to 170 if not below. Any kind of good demabd goes up we go to 8. Feedlots and ethanol plants are low on supply so its really up to how much china needs
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                              • Higher rates for a prolongued time. Demand should dry up.
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                              • AR Kanecorn dont give a ******about rates lol
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                              • but pricing does when dollar gets expensive
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                            • Easy shorts today.
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