Corn Futurescast Articles

Is Corn about to Pop? By: Michael RatajMay 14th, 2012 3:55PM CDT It doesn’t look like it. Last week’s USDA report suggested bearish ending stocks with the USDA number at 851 million bushels which was up 50 million from trade expectations. The immediate reaction is apparent in the chart with the 595 support from December easily broken. A bearish play for the short-term can be achieved by buying the.... Read More

Trading a Big Crop Report is Better When the Market is Open By: Frank J. ChollyMay 10th, 2012 10:03AM CDT The ICE Futures Exchange is about to introduce futures trading in wheat, corn, and soy products. They will be cash settled and have extended trading hours to cover important crop reports which historically have been released when the grain markets are closed. May 14th is the planned launch date. I see this as a tremendous opportunity to participat.... Read More

Will Corn Futures Pop? By: Frank D. ChollyMay 9th, 2012 10:14AM CDT While I’m not seeing a major rally in corn, I do see the prices firming up a little bit in the face of outside markets collapsing. There has been massive long liquidation in precious metals, crude oil and even soybeans but corn ended higher on the day yesterday. There is some speculation that this recent pullback in pricing is sparking Ch.... Read More

Summer Corn Rally Right Around the Corner By: Stephen DavisMay 4th, 2012 11:23AM CDT There is a 20-week cycle low in corn due in the middle of this month. I am not in the camp that believes corn is going to trade sharply lower. My estimate for the low in December ‘12 (CZ12) is 505 to 510.There is a crop report next Thursday, May 10th. I will wait for the numbers to be released and then look to get long the corn market for th.... Read More

Spring 2012 Corn Market: By: Jim BarrettApril 26th, 2012 1:39PM CDT The corn market is in transition from an extremely tight supply/demand balance sheet to a considerably less tight pipeline as fall planting gets underway early and record acres are likely to be sown. The transition is bumpy because of the tight stock situation which now means there’s not a lot of room for new export business until the crop st.... Read More

Slow Economic Growth Weakens Demand for Corn By: Jeff GilfillanApril 23rd, 2012 10:42AM CDT PRC JAN –MAR Corn imports at 1.74 MMT vs only 5400 tons last year. Last week managed funds unloaded a net 47k contracts in corn as crop planting on average is well ahead of pace. Markets are also quickly discounting slower Chinese growth and political issues in the Netherlands and France. After nearly 7 months of consolidation between $6.00.... Read More

(C) Corn Bounce Highlights Range-Base, Further Correction/Consolidation By: RJO MRTApril 19th, 2012 8:20AM CDT Technicals, April 19, 2012; 7:20am The fact that overnight's pops in Jul and Dec corn markets stem from the extreme lower recesses of the past four months' ranges arrests the recent downside vulnerability for the time being, exposes further intra-range price action and defines yesterday's respective 5.92 and 5.25 lows as short-term ri.... Read More

Still a Corn Bull By: Mike SaboApril 16th, 2012 9:23AM CDT Twice this year the July corn contract has found support just above $6.00 a bushel and rebounded nicely from that level on both strong technicals and fundamentals. After a gap down last Tuesday mainly on the crop report (numbers came in on the higher side of trade expectations), it appears ready for another test. I am looking for the $6.00 to hol.... Read More

(C) Why a Little Level Like $5.41 May Prove Pivotal in Dec12 Corn By: RJO MRTApril 4th, 2012 8:08AM CDT Technicals, April 4, 2012; 7:15am Now that a little time has passed to allow the post-30-Mar crop report dust to settle, and as we discussed in Mon's Technical Webcast, the recovery in May corn shown in the daily chart below is not unimpressive. And the extent of the past few days' recovery (above 26-Mar's 6.56 s-t risk parameter) is c.... Read More

Corn Outlook Heading into Friday's Reports By: Peter MoosesMarch 27th, 2012 3:40PM CDT In anticipation of Friday’s USDA reports we saw the May ’12 corn contract trade lower, down 7 cents. May futures had a high of 644 ½ and a low of 630 ½ today. Towards the close we broke 632 and ended up closing at 630 ¾. If the selling continues, 626 may be the next level we drop through, as shown in the chart below.... Read More

Now that the intentions have been counted have the beans bought back enough acres? By: Tom FeeneyMarch 19th, 2012 1:22PM CDT The planting intentions survey closed on Thursday and the findings will be released on the 30th of March. The question is have the beans rallied enough to buy back acres from corn? Since the last day of 2011 December corn has moved from 586 ¼ to Friday’s close of 574 ¼. During that same time frame November beans have traded from.... Read More

(C) Corn Slip Defines $6.44 S-T Risk Parameter, Gateway to Broader Bullish Count By: RJO MRTFebruary 16th, 2012 1:08PM CST Technicals, February 16, 2012; 11:05am On the heels of last Fri's bearish divergence in momentum below 6.32 discussed in that day's Technical Webcast, the hourly chart below details yesterday's break below last Fri's initial 6.28 counter-trend low that confirms at least the intermediate-term trend as down. The important by-produc.... Read More

(C) Corn Confirms Relapse, Raises Correction vs. Resumed Bear Dilemma By: RJO MRTJanuary 12th, 2012 11:18AM CST Technicals, January 12, 2012; 11:05am Today's sharp losses confirm our suspicions of at least an interim corrective setback following 05-Jan's bearish divergence in short-term momentum below 6.40 discussed in that day's Technical Blog. Indeed, since mid-Dec's bullish divergence in momentum that defined 15-Dec's 5.76 low as one.... Read More

AgFuturesTrading.com - Sixth Straight Record Year Influencing Corn Futures By: Kevin CraneyDecember 27th, 2011 12:33PM CST South American weather developments continue to support the corn (futures) market. With a lack of rainfall and dryness in key growing regions of South America along with improving U.S. economic data, corn (futures) should continue to rally in the short-term, said Kevin Craney, a senior commodities broker at RJO Futures in Chicago regarding the curr.... Read More

(C) Corn's $6.02+ Pop Insufficient to Conclude Reversal, But It Could Be a Baby Step in That Direction By: RJO MRTDecember 20th, 2011 11:23AM CST Given the extent of the past four months' 27% shellacking, the bullish divergence in momentum resulting from yesterday's poke above our advised short-term risk parameter of 6.02 is obviously of a scale insufficient to conclude anything but an interim correction within the broader developing bear trend. But given the market's proximity .... Read More

(C) Corrective Corn Dip Consistent with Developing Bull; Buy Call Diagonal to Participate By: RJO MRTNovember 3rd, 2011 9:22AM CDT Trade Strategies, November 3, 2011; 8:05am In yesterday's Technical Blog we discussed Tue's late rebound that rendered the sell-off attempt from 21-Oct's 6.66 high a 3-wave and thus corrective structure consistent with a broader developing bull trend. The market's rebound from the exact (6.32) 38.2% retrace of early-Oct's 5.77.... Read More

Trick or Treat?-Corn Update 10/31/11 By: Peter MoosesOctober 31st, 2011 8:51AM CDT December ’11 corn finished the overnight session down 7 ¼ to 659 ¾. The USDA Weekly Crop Progress report is due out today at 3pm CST; talks are harvest should be around 80% complete. With a strong US dollar, lower prices in energies, metals and the stock market we look for corn to trade lower today. Traders will be positioning t.... Read More

Corn Futures Rising for Now By: Dan GuzmanOctober 26th, 2011 9:22AM CDT Early October saw some Chinese influence push the Corn market higher. China has not participated in the global market for corn in 15 years. Sino Grain, China’s government run purchaser of corn put out a statement saying, “by 2015 China’s feed industry will realize a 15 million ton shortage”. Favorable weather here in the U..... Read More

Video - CME Group: Grains Turn Focus to Crop Progress By: Kevin CraneyOctober 17th, 2011 1:18PM CDT Grains trade mixed in the overnight session with little in the way of fresh news to drive prices higher. The market will be watching the crop progress report that is due out this afternoon for clues as to how harvest is progressing. The market is anticipating a significant jump in corn and soybean harvest as rainfall across the belt was limited ove.... View video

(C) Cautiously Bottom-Pick Corn with Nov/Dec Call Diagonal By: RJO MRTOctober 5th, 2011 9:59AM CDT Trade Strategies, October 5, 2011; 9:10am While a bullish divergence in momentum will be confirmed on a recovery above Mon's 5.99 high detailed in the hourly chart below, this short-term divergence is of a grossly insufficient scale to conclude a reversal of the past month's demolition. However, the fact that the past week's resumed br.... Read More

Corn-Crop Progress Report 9-26-11 By: Peter MoosesSeptember 27th, 2011 9:29AM CDT With the release of yesterday’s USDA Crop Progress report we saw the corn harvested for the week of September 25th up to 15% for the 18 states in the survey. Some of the biggest increases came from Missouri, Kentucky and Kansas. The good/excellent corn condition was up 1% on the report to 52%, still short of the 66% we had this time last year.... Read More

Video - CME Group: Bargain Hunters Look to Grain Market as Key Technical Support Levels Approached By: Kevin CraneySeptember 26th, 2011 2:59PM CDT Grain markets traded in a wide range with corn and wheat ending higher while soybeans traded lower. During the overnight session, corn traded down to the key support level of $6.30 and recovered to finish the day higher. Wheat saw a recovery off of its oversold conditions to end the day higher. With a lack of fresh news to help support prices in th.... View video

(C) Continued Corn Losses Reaffirm Developing Bear, Define New $7.04 Risk By: RJO MRTSeptember 22nd, 2011 11:18AM CDT Technicals, September 22, 2011; 10:45am The recent combination of: grossly bullish sentiment accorded the corn market its proximity to the extreme upper recesses of this year's range a confirmed bearish divergence in momentum on 08-Jun and a still-vulnerable global equity market condition may have finally come home to roost given .... Read More

(C) Sub-$7.08 Failure Exposes Major Corn Reversal By: RJO MRTSeptember 15th, 2011 2:30PM CDT Shorter-term traders with tighter risk profiles have been in a neutral-to-cautiously-bearish position since 08-Sep's break below 01-Sep's initial counter-trend low of 7.37 discussed in 08-Sep's Technical Blog in which we also highlighted the importance of 19-Aug's 7.08 low as a long-term risk parameter. With today's break below.... Read More

Choppy Trading in Corn By: Peter MoosesSeptember 8th, 2011 12:22PM CDT Traders will be positioning themselves the next few sessions before the Crop Production report and the World Agricultural Supply and Demand Estimates report is released on Monday the 12th. Lower yields are expected in almost every state surveyed due to the heat and lack of rain during the pollination period. Some of the most damage is seen in Illin.... Read More

Video - Grain Futures Finish Strong By: Kevin CraneySeptember 1st, 2011 8:29AM CDT While the grain markets ended the day down yesterday, they ended the month of August on a strong note. Corn was up 15%, soybeans up 7%, and wheat up 10% for the month. The story in the corn market remains one of yield expectations. The Pro Farmer Crop Tour pegged corn yields at 147.9 bu/acre. I believe that the corn market will be anxious to see ho.... View video

(C) Approach Corn Dip as Corrective, Buying Opportunity First By: RJO MRTSeptember 1st, 2011 8:22AM CDT Technicals, September 1, 2011; 8:00am If overnight's price action is any indication, the failure below Tue's 7.62 micro corrective low will confirm a bearish divergence in momentum. Given the magnitude of the secular bull trend however, this divergence is of a scale grossly insufficient.... Read More

LAST TRADING DAY 8/26/11 By: RJO Futures Market AlertAugust 26th, 2011 7:22AM CDT TODAY, August 26th, is Last Trading Day for these SEPTEMBER OPTIONS: 2-year, 5-year, 10-year T-Notes; Bonds; Soybeans, Soymeal, Soyoil; Corn; Oats; Rough Rice; Chicago/Kansas City/Minneapolis Wheat; NY Heating Oil, NY Natural Gas, RBOB Gas. All of these options will cease trading at the close of today's sessions. Ple.... Read More

CME Corn Futures Price Limit Increase By: RJO Futures Market AlertAugust 11th, 2011 9:57AM CDT Please be advised that the CME announced it has received CFTC approval of its proposal to increase daily price limits for Corn futures and options. As a result, effective trade date Monday, August 22, 2011, daily price limits for CBOT Corn futures, Corn options, and Mini-sized Corn futures will increase to $0.40 per bushel from the current $0.30 pe.... Read More

Video - Weather is Expected to Support Grains in Early Week Trading By: Kevin CraneyAugust 1st, 2011 10:23AM CDT Commodity markets in general traded higher this morning largely off the report of a deal to raise the debt ceiling in the United States. Grain markets will focus on weather and the Crop Progress Report later this afternoon. Weather models are largely unchanged this morning. We continue to expect above normal temperatures to start the week and a cha.... View video

Narrow Grain Trade Ahead of Weekly Export Sales By: Kevin CraneyJuly 28th, 2011 11:16AM CDT Grains traded very quietly mixed in the overnight session. Weather models this morning continue to forecast showers moving across the northern portion of the corn belt, and hot weather remains in the forecast through the end of the month and the first part of August. There continues to be more chatter about damage to the corn crop due to excessive .... Read More

High Temps in the Midwest-Corn By: Peter MoosesJuly 15th, 2011 10:29AM CDT The weather continues to create a bullish corn market. The heat wave through the Midwest will reportedly last into next week. We saw September 11 corn (ZCU11) break the $7.00 mark this morning. With these weather trends in the forecast we may have the opportunity to test the high mark in June highs. On the September chart we are seeing prices break.... Read More

Just another buying opportunity in the December corn? By: Dan GuzmanJuly 6th, 2011 3:23PM CDT China's relatively surprisingly ¼ point rate increase overnight has obviously weighed on the equities, but also brought the grain rally to a small halt. Look for Wall Street titans flight to quality to continue, as Goldman Sachs and J.P. Morgan look to diversify their portfolios. Continued support by Japan, South Korea, and China, this c.... Read More

Video - Grain Update By: Kevin CraneyJune 13th, 2011 1:50PM CDT Corn and soybeans trade on both sides of unchanged in the overnight market. Wheat was supported in the overnight market as there is continued talk of higher feed demand due to the high costs of corn. Markets will be watching for any news related to the Missouri River flooding and it's effect on acreage. Technically, the grains appear to be a li.... View video

Corn Update By: James LombardoJune 8th, 2011 9:10AM CDT Corn rallied to close 27.5 cents higher at $7.64 a bushel in Chicago as supplies continue to tighten, demand is rising for end users to lock in available corn, and ethanol demand increased .7% from last week. Mexico made a large purchase of US corn, a third of the purchase is for 2012-13 crop year. Traders are expecting the USDA to cut its forecas.... Read More

Late Plantings & Output Concerns Remain Corn Factors By: Jerry GidelJune 7th, 2011 4:15PM CDT This year's delayed plantings because of wet weather in the eastern and northwestern areas of U.S. Corn Belt firmed new crop corn prices to their highest levels since 2008 before positioning ahead of this week's investment fund rolling out of the July contract and weekend rains in Europe weaken prices this week. Limited country selling also.... Read More

Video - Russia Lifts Wheat Export Ban & Pressures Grain Market By: Kevin CraneyMay 31st, 2011 10:34AM CDT Holiday weekend news that Russia will lift its wheat export ban put pressure on all grains overnight; however, corn and soybeans staged an impressive come back due to outside markets. Look for pressure to continue short-term in wheat as the market awaits additional information on the Russian wheat exports.

Will Mother Nature Deal Corn a New Hand? By: Hector GalvanMay 24th, 2011 11:00AM CDT It never ceases to amaze me how quick a market can put the brakes on when investors feel that it has lost all of its potential. Corn has been on a tear to the upside for weeks with a very strong and define trend offering bulls a great deal of support. However, as we saw in yesterdays planting report we are only 21% behind what is needed to comple.... Read More

December Corn Moving Higher By: Alex TothMay 19th, 2011 9:31AM CDT In past few days' the Dec. Corn rally proves that the $6.25 area still provides solid support for the market. Looking at a daily chart, the market looks like it's towards the end of a 5-wave bullish sequence. The market must break through the $6.82 area resistance to confirm the past months' pull back as a corrective 4th wave within a.... Read More

The Mystery of Corn By: Hector GalvanMay 16th, 2011 4:29PM CDT I just saw the plantings numbers for the week and I am surprised. We came in at 63% which is still lower than the 87% we had last year, and well below the 75% average. I would have thought last week's weather conditions would have slowed some of the corn progress. However, even though this week's number is weaker than the average I still.... Read More

Video - Kevin Craney gives grains commentary on CME Group floor By: Kevin CraneyMay 11th, 2011 3:14PM CDT May 2rd AM Grains Commentary: Higher Dollar and Bearish Outside Markets Puts Pressure on Grains

Corn Outlook By: Alex TothMay 9th, 2011 11:04AM CDT Corn futures are higher this morning, helped by the threat of wheat crop losses in Europe due to hot, dry weather. Higher crude oil and silver prices are also helping in the price increase of corn, despite rapid planting in the Midwest from improved weather. Traders are expecting planting progress to be 30-35% complete, compared to 79% at this ti.... Read More

Rainy Days Are Here To Stay By: Peter MoosesApril 29th, 2011 4:05PM CDT With no break in the rain system moving through the Midwest and continued below average temps over the next week or so planting continues to be delayed. Many storms within the system are expected to be severe and will add to the flooding problems in the mid-Mississippi and Ohio Valley. The weekly Corn Planting report showed that only 9% of the crop.... Read More