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Corn Futures - Sep 25 (Cc5)

CME
Symbol
Exchange
Currency
ZCDerivedUSD
DCCc1DCECNY
CCMc1B3BRL
EMAc1ParisEUR
JCRc1TOCOMJPY
Cc1CMEUSD
Cc2CMEUSD
Cc3CMEUSD
CCMc2B3BRL
CCMc3B3BRL
Cc4CMEUSD
Cc5CMEUSD
Cc7CMEUSD
Cc6CMEUSD
Currency in USD
430.25
-5.50(-1.26%)
Delayed Data

US Corn Futures Discussions

Not suprising the fantastic yields more then makes up for rough spots
driving through Kansas and it don't look like they have had any rain for months. even the irritated corn is only about 4ft tall. about 16" where it didn't get water.
I think shorters here forget inflation, cost increases, demand for essential goods which all weigh in opposite to high yields. We live in an awful world where it is highly unlikely (not impossible of course) to see stuff like corn go below 380 or even 400 now. Will it skyrocket? Probably not but dont expect it to fall through the floor either ever again especially since this is not like coffee or cocoa which are luxury goods where a decrease in yields and an increase in price also tames demand. Corn and wheat, soybeans will always have steady demand its a law of nature as the population is ever increasing. Also I dont think short interest MMs will ever be able to screw over farmers again either as they are essential to our survival and hedge funds are not.
I'm not a bull here by any means, but this is simply not a retracement. All I'm saying is you will not see 350 anymore. The bottom is in and a clear shift in the trend has happened.
i agree with the bottom being in. 50% retracement makes a lot of sense from the collapse from 4.92. If this doesnt break 4.30 probably a sign that just a 50% retracement. Nothing is clear about the trend until that happens imo
One thing from above yes the population is increasing but so are yields and acres on south america grow every year. They can pretty easily bring in another 50 million acres over time according to private estimates. Also China for the first time ever is allowing their farmers to plant gmo crops. That lead to and explosion in yields here. When i was farming irrigated yields on corn went from 170-180 being a good yield to anything being below 230 was disappointing. Over time world population growth could overcome supply but we are far from that now
The funds have cover 60% of their net short simce july. Those waiting for a funds short covering rally might not get it. Using farmer selling to get out
double doh!
HAHAHA! what happened with your 3.5 corn target? 🤡
doh!
Lots of corn still out there…
Some dryland reports of nebraska a couple 200+ record for that farm. Not much irrigated out but had a report of 275-300 on one field
Short ,tp 408.5
long 2025 and 2026
Getting a lot of great yield reports in nebraksa. Records. 40-50 over aph on dryland
Or massive inflation will push it higher even if yields are fine...
Yields are not fine they are record. Big difference
Yes but don't forget to compare it with demand.
demand has been solid but we still have a lot
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!
...
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