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Corn Posting Fractional Gains on Thursday
Yahoo Finance· 2026-02-12 13:31
Group 1 - Corn prices are slightly higher on Thursday morning, with futures closing down by 1.5 cents in the nearby contracts, while new crop contracts gained between 1 to 2.25 cents [1] - The CmdtyView national average Cash Corn price decreased by 1.25 cents to $3.94, while the average close for December futures in February was $4.58, compared to $4.70 last year [1] - Open interest increased by 23,996 contracts on Wednesday, indicating a rise in market activity [1] Group 2 - Export Sales data is expected to show between 0.6-1.1 million metric tons (MMT) of corn sold for the 2025/26 season during the week of February 5, with sales for 2026/27 projected at 0-100,000 MT [2] - The EIA reported a rise in ethanol production by 154,000 barrels per day to 1.11 million barrels per day, with ethanol stocks increasing by 111,000 barrels to 25.247 million barrels [3] - CONAB has reduced its Brazilian corn crop estimate by 0.42 MMT to 138.45 MMT, with a cut of 1.2 MMT in the second crop [3]
Corn Showing Gains as Ethanol Production Explodes to New Record
Yahoo Finance· 2026-01-14 18:21
Group 1 - Corn futures are experiencing gains of 1 to 2 ½ cents, with the national average cash corn price rising by 2 ½ cents to $3.84 3/4 [1] - Ethanol production has surged by 98,000 barrels per day week-over-week, representing an increase of 8.92%, reaching a record of 1.196 million barrels per day, which is 5.75% above the previous record [2] - Ethanol stocks have increased by 821,000 barrels to 24.473 million barrels, with significant builds in the Gulf and East Coast regions, indicating preparations for potential exports [2] Group 2 - South Korean importers have purchased a total of 402,000 MT of corn, with 136,000 MT confirmed as a private export sale from the US [3] - The USDA Export Sales data is anticipated to show corn sales between 0.6 to 1.4 MMT for the week of January 8 [3] - Current corn prices for various contracts are as follows: Mar 26 Corn at $4.22 (up 2 1/4 cents), Nearby Cash at $3.84 3/4 (up 2 1/2 cents), May 26 Corn at $4.29 3/4 (up 2 cents), and Jul 26 Corn at $4.35 3/4 (up 1 1/4 cents) [3]
Corn Bulls Taking Some Gains Back on Thursday AM Trade
Yahoo Finance· 2025-12-04 13:34
Group 1 - Corn prices are showing steady to 2 cents higher trade on Thursday morning after posting losses of 5 to 7 cents across most contracts at the close on Wednesday [1] - Open interest decreased by 10,627 contracts midweek, indicating some long positions were taken for profits [1] - The national average Cash Corn price fell by 6.5 cents to $3.98 3/4 [1] Group 2 - Weekly EIA data revealed a record ethanol production of 1.126 million barrels per day for the week ending November 28, marking a week-over-week increase of 13,000 barrels per day [2] - Ethanol stocks rose by 543,000 barrels to a total of 22.511 million barrels, while exports increased by 48,000 barrels per day to 170,000 barrels per day [2] - Refiner inputs of ethanol dropped by 28,000 barrels per day to 857,000 barrels per day [2] Group 3 - Export sales for corn during the week of October 30 are anticipated to be between 0.8 to 2.5 million metric tons [3] - December 25 Corn closed at $4.31 1/2, down 6.5 cents, while March 26 Corn closed at $4.43 1/2, also down 6.5 cents [4] - Nearby Cash Corn price was recorded at $3.98 3/4, down 6.5 cents, with May 26 Corn closing at $4.50 3/4, down 6.75 cents [4]
Corn Giving Gains Back Despite Record Ethanol Production
Yahoo Finance· 2025-12-03 17:37
Group 1: Corn Market Overview - Corn futures are experiencing losses of 5 to 6 cents across most contracts, with the CmdtyView national average Cash Corn price down 5.5 cents at $3.99 3/4 [1] - December 25 Corn is priced at $4.32 1/4, down 5 3/4 cents, while March 26 Corn is at $4.44 1/2, down 5 1/2 cents, and May 26 Corn is at $4.52, also down 5 1/2 cents [4] Group 2: Ethanol Production and Stocks - Weekly EIA data indicates a record ethanol production of 1.126 million barrels per day for the week ending November 28, marking a week-over-week increase of 13,000 bpd [2] - Ethanol stocks rose by 543,000 barrels to a total of 22.511 million barrels, despite a 48,000 bpd increase in exports to 170,000 bpd not being sufficient to offset the increased output and a 28,000 bpd drop in refiner inputs [2] Group 3: Market Positioning - CFTC data for the week of October 21 shows managed money reducing their net short position by 30,070 contracts to a total of 160,985 contracts, while commercials increased their net short position by 37,087 contracts to 50,863 contracts [3] - Export sales data for the week of October 30 is anticipated to show corn sales between 0.8 to 2 million metric tons [3] Group 4: Import Activity - A Taiwan importer has issued a tender for 65,000 MT of wheat, with a deadline for offers set for Thursday [4]
Corn Sticking Close to Steady on Thursday Morning
Yahoo Finance· 2025-10-09 12:34
Group 1 - Corn prices are steady to slightly higher, with futures closing up 1 to 2 ¼ cents on Wednesday, and the CmdtyView national average Cash Corn price increased by 2 ¾ cents to $3.80 1/2 [1][4] - Preliminary open interest showed a modest increase of 13,539 contracts, indicating net new buying activity [1] - The average close for December futures this month has been $4.20 [1] Group 2 - EIA data reported ethanol production at 1.071 million barrels per day for the week ending on 10/3, a rebound of 76,000 bpd from the previous week [2] - Ethanol stocks decreased by 44,000 barrels to 22.72 million barrels, while ethanol exports rose by 50,000 barrels to 138,000 bpd [2] - Refiner inputs of ethanol fell by 13,000 bpd to 892,000 bpd [2] Group 3 - Export Sales data will not be reported due to the government shutdown, but traders expected 1.2-2 MMT of corn sold for the week of 10/2 [3] - ANEC estimates Brazilian corn exports at 6 MMT for October, an increase from 5.67 MMT in October 2024 [3] - China's CASDE report maintained the production estimate at 296.16 MMT, while reducing the import estimate by 1 MMT to 6 MMT [3]