Corn Futures Surge After USDA Makes Surprise Cut to Yield Projections

Seeking AlphaAug 13 06:08

U.S. Ethanol Production Beats Analyst Forecasts

By Kirk Maltais Average daily ethanol production in the U.S. exceeded the expectations of analysts surveyed by Dow Jones this week. In its latest weekly report, the Energy Information Administration

WSJAug 12 22:52

Grains Follow Oil Prices Lower on Push for New U.S./Iran Peace Talks -- Market Talk

0921 ET - CBOT grains are mostly lower premarket, with most-active corn futures down 0.5% and soybeans sliding 0.7%. Grains are taking a cue from the big dip seen in crude oil prices--down 6.7% to

WSJAug 3 21:22

Net long positions in crude oil surged by 28,000 contracts, while natural gas shorts reversed their bets—energy market participants are now playing their hands openly.

On Friday (August 1), data showed that for the week ending July 28, hedge funds exhibited a rebound in overall risk appetite, yet displayed extreme divergence between macro assets and commodities. Long positions in crude oil saw substantial increases, while sentiment toward agricultural commodities reached an inflection point, with corn futures positions flipping from net short to net long. Precious metals were broadly reduced across the board, and the U.S. Treasury market saw opposite positioning trends between the long end and the medium-to-short end. The prevailing strength of the U.S. dollar drove a buildup of net short positions in non-U.S. currencies. Below is a detailed breakdown of positioning structures across each market. PART 2: Core Market Positioning Changes Precious Metals: Across-the-board reductions, with waning bullish conviction Net long positions in gold declined by 3,258 contracts to 120,328 contracts; silver...

FX678 FinanceAug 1 09:23

Extreme weather wreaks havoc! U.S. corn crop condition ratings plunge by the largest margin in three years, reigniting concerns over agricultural commodity-driven inflation.

The share of U.S. corn rated in good or excellent condition dropped sharply by 4 percentage points to 63% in a week—the largest weekly decline in nearly three years—primarily due to high temperatures and drought in major growing regions. Corn futures rose 0.9% in response. Options traders had already placed significant bets anticipating prices would climb to their highest level since 2023. The Bloomberg Agriculture Spot Index has reached a three-year high, intensifying market concerns about a resurgence in food inflation.

wallstreetcnJul 29 20:07

Express News | Chicago corn futures rose as deteriorating U.S. crop conditions sparked supply concerns.

Chicago corn futures rose as newly released U.S. government data showed the largest weekly decline in corn crop condition ratings in nearly three years, raising market concerns about potential supply tightness. The U.S. Department of Agriculture’s (USDA) weekly crop progress report, issued late Monday, indicated that approximately 63% of the U.S. corn crop was rated “good” or “excellent,” down 4 percentage points from the previous week—the steepest single-week drop since June 2023—and below analysts’ expectations. Joe Davis, Head of Commodities at Futures International, attributed the deterioration primarily to extreme heat and drought conditions that swept across major U.S. corn-growing regions earlier this month. Meanwhile, EU corn-producing areas also faced heatwaves this summer, weakening yield prospects and further exacerbating global supply risks. The most actively traded corn futures contract in Chicago climbed as much as 0.9%.

BreakingsJul 28 19:38