Products | View All
It’s searchable, sortable, and provides the previous day’s volume and open interest data.
Latest Market Regulation Advisory Notices (MRANs) | View All
Subscription-Based Data
Distributors
Capture. Report. Store
Our Swap Data Repository captures, stores and reports data for cleared, non-cleared and bilateral swaps.
Reports
- Reports
- Settlements
- Volume
- Bulletin
- Registrar
- Weather
Intraday Data
- Intraday Data
- Delayed Quotes
- Block Trades
Featured Video | View All
Managing Risk at CME Group - How it All Works
A great and yet very simple introduction to the vital role CME Group plays in helping people manage their risk on a daily basis....
Latin America
Corn Market Recap for 2/4/2013
Mon 04 Feb 2013 15:03:17 CT
Related Keywords: Agriculture
Related Keywords: Agriculture
March Corn finished down 1 3/4 at 734 1/4, 7 1/2 off the high and 3 1/2 up from the low. May Corn closed down 1 1/2 at 736 1/4. This was 3 1/2 up from the low and 7 off the high.
March corn traded slightly lower into the closing bell after disappointing export data was released this morning. Inspections were only 5.3 million bushels, down sharply from 21.1 million the week prior. Shipments needed each week to reach the USDA export estimates are now 21 million bushels, up from 20.50 the week prior. The cumulative shipment pace is now 33% of the USDA export estimate vs. the 5 year average of 40%. The sluggish sales and shipment pace continues to suggest demand has been rationed in this area of the balance sheet but many questions remain as to how much corn the domestic market is using for feed which is adding support. The Argentina weather forecast was supportive this morning after weekend rainfall came in below market estimates. The 5 day precipitation outlook is dry which added risk premium to the market. Thoughts that Argentina production could be slashed on this Friday's USDA Supply and Demand report added a bullish tilt to the trade but weakness in the wheat market limited gains.
March Rice finished up 0.35 at 15.91, equal to the high and 0.28 up from the low.
View All Market Commentary
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
-
- Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus groups and provide feedback on upcoming Web initiatives
