Corn futures pulled the contracts before noon, but below 2 to 5 cents a day, the weak days of the day ended. The September contracts lost 6 Ents Saint a week, with December 2 Ents Saint.
The commitment of traders’s data showed specific funds in corn futures and options and added 6,462 contracts to their net short position by 13 August. They were reducing a total of 249,007 contracts by that date. In advertisements, a pure long position on 9,633 contracts was returned, step by 21,090 contracts a week.
Yield’s possibilities still remain the subject of negotiations after USDAS record launch from Monday. The market will monitor many industries crop tourism, whether digital, virtual, or individual, which started last week or is expected to start next week.
The total commitments for 2023/24 crop push were seen up to 55.817 mm in the weekly export sales report. This is 98% of the USDA forecast for the marketing year, an average of 5 years at 103% of that launch. The accumulated shipment has a total of 50.744 MMT, which is 89% of the launch, vs. Typical 96%. The actual census data shows further exports from FAS data.
On September 24 $ 3.70 1/2, closed at 4 1/2 cents, below,
The nearby cash was $ 3.58 5/8, 5 cents below,
December 24 Corn $ 3.92 closed at 1/2, 4 1/2 cents below,
March 25 closed at Corn $ 4.11, 4 3/4 cents below,
The new crop cash $ 3.54 3/4, 3 3/4 cents below,
On the date of publication, Alan Brugler did not have any securities mentioned in this article (either direct or indirectly). All information and data in this article is only for informative purposes. For more information, please see the Barkart Disclosure Policy here.
The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.
