S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Corn futures closed out the Friday session on a weaker note, with contracts down 3 to 5 cents. July slipped back 6 ¼ cents on the week, with December falling in unison and down 6 ½ cents. The front month CmdtyView national average Cash Corn price was down 4 1/2 cents at $4.15 ½.
The Friday afternoon Commitment of Traders report from CFTC showed the managed money spec funds flipping from a net long to a new net short position of 84,976 contracts. That was a bear move of 98,869 contracts during the week that ended on May 13.
Precipitation over the next week covers much of the Corn Belt. While some areas in the East are a little slower getting the crop planted, for the crop already in the ground, this is generally welcomed.
Export Sales data has total commitments now at 62.088 MMT, which is 94% of the USDA export projection that was raised on Monday. Normally, export bookings are 95% of that projection by now. Actual exports via FAS are 45.015 MMT, which is 68% of that USDA number and ahead of that average 66% pace.
Jul 25 Corn closed at $4.43 1/2, down 5 cents,
Nearby Cash was $4.15 1/2, down 4 1/2 cents,
Sep 25 Corn closed at $4.21 1/2, down 3 1/2 cents,
Dec 25 Corn closed at $4.35 1/2, down 3 1/4 cents,
New Crop Cash was $3.93, down 3 cents,
