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Corn Mini Jul '24 (XNN24)

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Corn Mini Futures Market News and Commentary

Corn Back to Higher Trade on Thursday AM

Corn is trading 1 to 2 cents higher ahead of this morning’s Export Sales report. Futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower after July futures failed to take out the early week high. A weaker dollar failed to impact trade. Preliminary showed a rotation of ownership, up just 4,184 contracts. July was down 6,107 on presumed long liquidation, with December seeing net new selling, up 6,128 contracts. 

Weather through the weekend shows much of the WCB drier, with portions of the Southern ECB with expected precip nearing 1-1.5 inches. The WCB looks wetter getting into next week.

EIA data from Wednesday morning showed that 1 million barrels per day of ethanol was produced during the week of 5/10. That was a 35,000-bpd increase from last week. Stocks were building during that week, up 289,000 barrels to 24.489 million. 

Export Sales data is expected to show net sales of 0.7-1.05 MMT for the 23/24 marketing year i... Read more

Contract Specifications

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Contract
Corn mini-sized
Contract Size
1,000 bushels
Tick Size
1/8 cent per bushel ($1.25 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Sun-Fri) CST
Exchange
CBOT
Point Value
$10
Margin/Maintenance
$286/260
First Notice Date
06/28/24 (43 days)
Expiration Date
07/12/24 (57 days)

Seasonal Chart

Corn Mini Jul '24
Average Price Chart for 5 Prior Jul Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
435-7 +4.99%
on 04/18/24
475-4 -3.76%
on 05/14/24
+14-7 (+3.36%)
since 04/16/24
3-Month
422-1 +8.41%
on 02/26/24
475-4 -3.76%
on 05/14/24
+17-3 (+3.95%)
since 02/16/24
52-Week
422-1 +8.41%
on 02/26/24
634-4 -27.88%
on 06/21/23
-67-7 (-12.92%)
since 05/16/23

More Corn Mini Quotes

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Most Recent Stories

More News
No Bull | The Five Spot

#5 | Big Bushels U.S. corn yields haven't hit/exceeded so-called trend (USDA’s initial print) since 2018 and although 2023 was a record-high yield at 177.3 - it fell well-below the 181.5 trend. In four...

Did yesterday’s selloff change the technical picture for corn?

Corn futures were under pressure the last few days, but was it enough to cause technical damage or is the trend still intact?

Soybeans Slightly Higher to Begin Thursday

Soybeans are posting fractional to 2 cent higher trade on Thursday morning. They slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush...

ZMN24 : 368.5 (-0.86%)
ZLN24 : 44.03 (+1.10%)
ZSN24 : 1210-6 (-0.23%)
ZSPAUS.CM : 11.4808 (-0.23%)
ZSQ24 : 1212-2 (-0.33%)
ZSX24 : 1195-4 (-0.46%)
ZSPX24US.CM : 11.3368 (-0.49%)
Wheat Reverting Higher on Thursday Morning

The wheat complex is heading higher across all three exchanges this morning. They quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago...

ZWN24 : 662-0 (-0.56%)
ZWU24 : 682-4 (-0.51%)
KEN24 : 677-4 (+0.37%)
KEU24 : 691-0 (+0.33%)
MWN24 : 727-6 (+0.10%)
Corn Back to Higher Trade on Thursday AM

Corn is trading 1 to 2 cents higher ahead of this morning’s Export Sales report. Futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower after July futures...

ZCN24 : 456-6 (-1.24%)
ZCPAUS.CM : 4.3269 (-1.48%)
ZCU24 : 467-6 (-1.16%)
ZCZ24 : 481-4 (-1.13%)
ZCPZ24US.CM : 4.5185 (-1.33%)
Grain Markets: Will Global Production Issues Continue to Push Wheat Prices Higher?

In my interview today with Michelle Rook on AgWeb's Markets Now I spoke about the recent move higher in wheat, soybean, and corn prices. I also discussed crude oil, interest rates, and the cattle markets....

ZWK24 : 657-0s (-1.98%)
ZSN24 : 1210-6 (-0.23%)
ZCK24 : 453-6s (-1.04%)
LEM24 : 179.675 (+0.80%)
Shootin' the Bull about more beef and fewer cattle

Of the most interest is that we are currently producing more beef than last year with fewer cattle.  Of everything you can mention that has created this, you are correct.  It's taken everything possible...

Corn Falters to Weakness on Wednesday

Corn futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower. Weather through the weekend shows much of the WCB drier, with portions of the Southern ECB...

ZCN24 : 456-6 (-1.24%)
ZCPAUS.CM : 4.3269 (-1.48%)
ZCU24 : 467-6 (-1.16%)
ZCZ24 : 481-4 (-1.13%)
ZCPZ24US.CM : 4.5185 (-1.33%)
Soybeans Pushed Lower Following Bearish NOPA Data

Soybeans slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush number. Soymeal futures were down $1.60 to $2.70/ton at the close. Soy...

ZMN24 : 368.5 (-0.86%)
ZLN24 : 44.03 (+1.10%)
ZSN24 : 1210-6 (-0.23%)
ZSPAUS.CM : 11.4808 (-0.23%)
ZSQ24 : 1212-2 (-0.33%)
ZSX24 : 1195-4 (-0.46%)
ZSPX24US.CM : 11.3368 (-0.49%)
Wheat Falls from Double Digit Morning Gains to End the Session Lower

The wheat complex quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago contracts posted losses of 6 ¾ to 11 cents across the board....

ZWN24 : 662-0 (-0.56%)
ZWU24 : 682-4 (-0.51%)
KEN24 : 677-4 (+0.37%)
KEU24 : 691-0 (+0.33%)
MWN24 : 727-6 (+0.10%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Strong Signal Strength.

Key Turning Points

3rd Resistance Point 481-6
2nd Resistance Point 477-4
1st Resistance Point 470-0
Last Price 456-7
1st Support Level 458-2
2nd Support Level 454-0
3rd Support Level 446-4

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52-Week High 634-4
Fibonacci 61.8% 553-3
Fibonacci 50% 528-3
Fibonacci 38.2% 503-2
Last Price 456-7
52-Week Low 422-1

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