Corn Report, 11/13/2015

Friday, November 13, 2015

The corn market continues its muted weaker trade as values will need help from corn or beans to stage a comeback. However, end users have been willing buyers of CZ at the $3.60 level, which could help values try to stabilize. Weekly export sales totaled 618,000 tonnes, hitting the high end of estimates ranging 450-650k tonnes with an unknown and
Mexico accounting for 347k tonnes. South American weather forecasts show good moisture chances for the bulk of the
growing regions in both Brazil and Argentina over the next week. USDA announced a milo sale of 116,000 tonnes to an
unknown destination. CZ made a new contract low after Tuesday’s report, but has rebounded nicely and the $3.56 level will now be critical support and if broken could lead to a move back to $3.46.

Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

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