Investing.com - Financial Markets Worldwide
👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Corn Futures - Dec 24 (Cc1)

CME
Symbol
Exchange
Currency
ZCDerivedUSD
DCCc1DCECNY
CCMc1B3BRL
EMAc1ParisEUR
JCRc1TOCOMJPY
Cc1CMEUSD
Cc2CMEUSD
Cc3CMEUSD
CCMc2B3BRL
CCMc3B3BRL
Cc4CMEUSD
Cc5CMEUSD
Cc7CMEUSD
Cc6CMEUSD
Currency in USD
423.25
-2.25(-0.53%)
Delayed Data

US Corn Futures Discussions

The historical downloadable data seems great for going back a number of years, but its lacking the contract. Is it just using the nearby, auto switching to the current year, or something else?
pro badge
What do you mean
This site has downloadable data for Corn futures going back decades but I don't know what it is. The data is not labeled as to which month. The data I'm looking for is the daily close for a year before each DEC contract expires.
pro badge
what do you expect now as transition is happening between december and march contracts
Massive corn sales 3 weeks in a row, better go down a bit
This is looking pretty good. The daily bar on sept 9 seems to be a key support area. Price also broke out above the 900 day down trend channel....
The guy on here whos bullish because a portion of minnesota is bad is ignoring harvest results in Iowa Nebraska illinois indiana and most everywhere else. Tried to tell him several times not to get backyarditis. Guess hes finding out the hard way
who is that guy? I've been through MN IA IL IN OH KS WI and many times through NE and none of these states impress me. Maybe that's why like I predicted we wouldn't have the record crops these Bohlke guys keep preaching. Maybe that's we we are closer to my $4.50 target than Bohlke $3.50 target.
I'm out.  Looking too 50/50 to me at the moment.
Market realizing that with 15% moisture there's not as much corn?
only 12% in MN and dropping. picking like a banshee now.
Remember what happened 3 some odd years ago when exports were this strong, it was dry and the price was more or less the same?
DXY looks to be turning lower, should ad some support to corn.
pro badge
It gained 2.85% last month
I think sideways or up for a while now..  $4.80 average cost of production for 2024.
pro badge
I think 480 is pretty high, I cant say it is unachievable but still a long way for it at least not before the 3rd quarter of 2025. I think we can see 380-390 before it starts being bullish.
I am not saying we'll get to 480, that is just average cost. Also not saying that we don't go lower, eventually. Just that this wave down is likely played out soon and we bounce or go sideways for 8-10 days.
pro badge
yeah I agree with you but I think this wave down has a little bit more before bouncing up again.
Corn coming in around 190 here in MN in the good ground on the east side. Too much rain all year. Everyone was expecting higher when they did crop checks but are now getting a surprise. Normal for this area is 210.
pro badge
I think going below 400 would be much of a benefit for shorters out there because we can definitely see 380s again which was hit mid September. Personally I think after hitting this low spot it will rebound and 2025s first quarter will be bullish we could see something in the range of 425-445.
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🦗🦗
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.