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 rounded out the week in rally mode, as contracts were up 5 to 11 ¼ cents across the board on Friday September rallied 20 cents on the week with December up 21 ¼ cents. The CmdtyView national average Cash Corn price was up 11 3/4 cents at $4.30.
Continued spillover support from a wheat-led rally on rising Black Sea tensions has helped to extend corn’s bounce into the weekend.
Weekly CFTC data tallied managed money spec traders in corn futures and options at a net long of 166,770 contracts by 8/11. That was a 15,176 contracts reduction on the week, mainly coming from new short interest.
Export Sales data has old crop corn sales at 87.503 MMT, which is 104% of the USDA number and ahead of the last few years’ pace. Accumulated shipments are 80.066 MMT, or 95% of the USDA export projection. New crop corn sales are now down 23.5% below the same period last year at 10.575 MMT.
Sep 26 Corn closed at $4.59, up 11 cents,
Nearby Cash was $4.30, up 11 3/4 cents,
Dec 26 Corn closed at $4.83 1/4, up 11 1/4 cents,
Mar 27 Corn closed at $4.99, up 11 1/4 cents,
New Crop Cash was $4.34 1/4, up 11 1/4 cents,
