rewrite this content and keep HTML tags as is. This is content from rss feed and I don’t need their *Daily Debrief Newsletter*, their tags from bottom like this *Share this articleCategoriesTags*, Editorial Process section, phrases like *Featured image from Peakpx, chart from Tradingview.com*, SPECIAL OFFERS and similar sections – just remove such sections and save only article itself:
Corn futures saw continued long liquidation heading onto the weekend, with contacts down another 2 ¼ to 7 cents. July was down 29 ½ cents (-45 cents in 2 weeks), with December falling 29 cents. A wetter forecast, lack of news on China and weaker world FOB offers as the Argentina and Brazilian crops start to come online added pressure. The CmdtyView national average Cash Corn price was down 6 3/4 cents at $3.83 1/4. Crude oil losses of $2.79 added some modest pressure.
CFTC’s Commitment of Traders report showed managed money at a net long of 115,082 contracts on Tuesday, June 2 (20 cents ago). That was a reduction of 90,422 contracts on that week. Much of that was via longs exiting (-63,160), with shorts coming in moderation (+27,262 contracts)
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Weekly Export Sales data has the US corn export commitments at 81.766 MMT, up 26% from the same week last year. That is 98% of the USDA export projection and ahead of the average sales pace of 97%. Shipments at 62.58 MMT are now 75% of USDA’s estimate and matching the average pace.
Jul 26 Corn closed at $4.17 1/2, down 7 cents,
Nearby Cash was $3.83 1/4, down 6 3/4 cents,
Sep 26 Corn closed at $4.27, down 5 3/4 cents,
Dec 26 Corn closed at $4.46, down 5 3/4 cents,
New Crop Cash was $4.00, down 5 1/4 cents,
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
For more information please view the Barchart Disclosure Policy
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
