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Corn Futures - Nov 24 (CCMc2)

B3
Symbol
Exchange
Currency
ZCDerivedUSD
DCCc1DCECNY
CCMc1B3BRL
EMAc1ParisEUR
JCRc1TOCOMJPY
Cc1CMEUSD
Cc2CMEUSD
Cc3CMEUSD
CCMc2B3BRL
CCMc3B3BRL
Cc4CMEUSD
Cc5CMEUSD
Cc7CMEUSD
Cc6CMEUSD
Currency in BRL
Disclaimer
66.61
-0.09(-0.13%)
Closed

US Corn Futures Discussions

This needs a firm close above the June close/July open. looking to test the june open if it does. 350 - 360 looks like it might catch a few more bids though... Bear trend will end in earnest if it tests the 6 year range from from 14' to 20' and successfully holds.
Early yield reports from northwestern illinois a lot of them pushing 300
Any idea on how much old crop is still being held by farmers?
Wants to leak
Bulls are quiet🦗🦗
Silage report. 275 in iowa
What is the significance of the silage report? Thanks!
they cut silage for cattle. Gives you idea what yields will be. 270 is a excelllent yield
Great. Thanks.
From Progressive Farmer August 27: As for new-crop sales, which stand at 312 mb, that is 13.6% of current 2024/25 export projection of 2.30 bb and below the 25-year average of 15.8% and tied for the third lowest percent of sales at this time of year since 2006. With Chinese imports of U.S. corn continuing to be rather sluggish, there has been talk USDA was perhaps a little too aggressive in its export projections, so this will be something to monitor.
Farmers must be done selling what they needed to clear out, now it's up to bears to decide when they are going to cover.
Nope
Not of you go ftom the june high untol noe s clesr chsnnel we sre bouncing up and rdown from
give it time, that one will break too
Price has bounced off of 390 multiple times. The one breakthrough below 390 was met with strong buying and was not sustained. Maybe an incentive to start covering shorts? 390 seems like a strong bet to open a long if it gets down to that level.
If it gets down there again..
Right now that is not looking probable but time will tell when the harvest actually starts producing numbers. I am not ruling it out just yet.
Clear down trend channel since june. More likely to break downside of channel then upside
Average was 392.25. Didnt get to build much of a position. Out at 398.875. Will get involed again down near 390.
Fortunes are built one profitable trade at a time.
Little bid across Commodities today. Not sure if this is enough to make the corn shorties nervous however.
CORN
corn indeed brother :D
Starting to leg into long position. Feel like we are close to a bottom, or at least a dead cat bounce.
Is there a way to determine how much farmers are still holding?
no not really. Basis will tell you. But hearing about some long lines at coops or ethanol plants
I had to ask and was told it looks like a ghost town at the grain terminal. Farmers aren't in a rush to give it away.
Price is below production cost about 20% right?
is it the end of the down slide?
hedge funds will pull trigger -20 / 25 % better wait avg bags lol
They already did that.
To the moon!
dxy dropping making this much cheaper for export buyers. China may get hungry
They better be becsuse they have bought Very little new crop corn or soybeans
Not a good look. 3.80 and then 3.50
Ur only right until you are wrong Bohlke ;)
The great reset is coming, stocks, crypto, real estate is going to zero, and Corn skyrockets to the moon. Already up 2% today.
i only bet when odds in my favor
Do you think this is still a short as we bounce around the 1 year low? It almost seems like the perfect storm with old crop being held and new crop possibly being a record.
If Iran does truly attack Israel with real intent we will see a spike in crude prices. However, for the most part, the market ignores the "what if's". I just keep my positions hedged in case something like that actually happens. I'm not big on "day trading" and use a combination of futures contracts paired with options.
iran seems like they do a lot if empty threats. Everyone in the region doesnt want to admit it but they fear israel and i feel israel isnt messing around. But you have to way thar to economic slowdown so its confusing
i agree. On top of that you have API and EIA each giving a weekly report on crude and distillate inventories that can be as much as 5 million barrels different. Then there is the ever present OPEC+ production cuts but member countries don’t actually meet their production cut targets. Some days leave you totally confused trying to figure out price action.
183 not bullish. Reports are farmer starting to puke old crop. Farmer selling probably takes it lower now
reports are they are giving up on old crop. Plus they have to sell nee crop. The funds are not concerned. Farm more bushels need to be sold then funds are holding.
I'm sure you are probably right. bulls need more of a catalyst than short covering. I don't really see 3.5 but maybe.
typically you have your pre harvest lost in sept. I think we can get to 3.50 then.
kern!
A little less confusing movement would be nice :D
Jason, are you going to the NE state fair?
No why?
thinking about going and wondering if there are any highlights. Never been to NE state fair. No worries, either way I'm sure it will be a good time.
Lots of people like it. I drive by gi everyday. Enjoy your time there. I woukd eveb buy you a beer if i am in town
Too much short interest, just look at cftc data. These crooks are just asking for a short covering rally.
Farmers holding back crop is a very obvious symptom of unsustainable market prices. Even if old crop is creating downward pressure, this can't continue for much longer, unless farmers going bankrupt doesn't mean anything at all to prices which I sincerely doubt.
They can hold on to it but then they have to dump new crop. Either way a lot of selling has to occur. And south american farmers are holding on to corn
Thoughts on how low it can go?
Tmro red or green
Corn futures are green. Must be some kind of technical glitch.
Seems just in a sideways pattern. Waiting to see if farmer will blink i guess
Closed in red as usual. I don't like wild surprises, i like the planned daily drop.
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