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Corn Dec '23 (ZCZ23)

456-6s unch (unch) 12/14/23 [CBOT]
N/A x N/A N/A x N/A
underlying price ()
Quote Overview for Thu, Dec 14th, 2023
Day Low
456-6
Day High
460-0
Open 459-0
Previous Close 456-6 456-6
Volume 10 10
Open Interest 322 322
Stochastic %K 44.31% 44.31%
National Corn Index 4.5039 4.5039
Weighted Alpha -23.97 -23.97
5-Day Change -11-4 (-2.46%) -11-4 (-2.46%)
52-Week Range 447-0 - 629-6 447-0 - 629-6
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Corn Futures Market News and Commentary

Corn Posts Thursday Pop Higher

Corn futures closed out Thursday trade with contracts up 2 to 5 ¼ cents, bouncing from recent weakness. The nearby CmdtyView national average Cash Corn price was up 5 1/2 cents at $4.50 1/2. 

The CBOT is raising daily price limits for corn futures by a nickel to 35 cents, effective on May 1.

Export Sales data from this morning showed 1.15 MMT of 2024/25 corn sold in the week ending on April 17, on the higher side of the 0.8 to 1.3 MMT estimates. That was back down 26.2% from the week prior. Japan was the top buyer in that week of 629,200 MT, with 140,600 MT to South Korea and Mexico in for 136,400 MT. New crop sales came in at 0 MT.

May 25 Corn  closed at $4.77 1/4, up 5 1/4 cents,

Nearby Cash  was $4.50 1/2, up 5 1/2 cents,

Jul 25 Corn  closed at $4.84, up 4 3/4 cents,

Dec 25 Corn  closed at $4.56 1/2, up 2 cents,

New Crop Cash  was $4.20 1/8, up 2 1/4 cents,

On the date of publication, Austin Schroeder did not ha... Read more

Contract Specifications

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Contract
Corn
Contract Size
5,000 bushels
Tick Size
1/4 cent per bushel ($12.50 per contract)
Trading Hours
7:00p.m. - 7:45a.m. and 8:30a.m. - 1:20p.m. (Settles 1:15p.m.) (Sun-Fri) CST
Exchange
CBOT
Point Value
$50
Margin/Maintenance
$1,155/1,050
First Notice Date
11/30/23
Expiration Date
12/14/23 (expired)

Seasonal Chart

Corn Dec '23
Average Price Chart for 5 Prior Dec Contracts

Commitment of Traders Positions as of Apr 15, 2025

View Chart Details
Commercials - Long / Short
785,122 (-4,230)
964,221 (+49,065)
Non-Commercials - Long / Short
438,836 (+20,805)
204,654 (-40,495)
Producers - Long / Short
438,090 (-18,047)
879,297 (+27,932)
Swap Dealers - Long / Short
287,956 (-4,884)
25,848 (+2,432)
Managed Money - Long / Short
277,472 (-13,520)
132,318 (-27,490)
Other Reportables - Long / Short
161,364 (+34,325)
72,336 (-13,005)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
447-0 +2.18%
on 11/29/23
Period Open: 478-2
480-4 -4.94%
on 11/15/23
-21-4 (-4.50%)
since 11/14/23
3-Month
447-0 +2.18%
on 11/29/23
Period Open: 480-4
509-4 -10.35%
on 10/20/23
-23-6 (-4.94%)
since 09/14/23
52-Week
447-0 +2.18%
on 11/29/23
Period Open: 596-2
629-6 -27.47%
on 06/21/23
-139-4 (-23.40%)
since 12/14/22

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Most Recent Stories

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Soybeans posted strength into the Thursday close, as contracts were up 8 to 13 cents. CmdtyView’s national front month Cash Bean price was up 15 1/4 cents at $10.06 ¾. Soymeal futures were down $1.20...

ZSPX25US.CM : 9.7307 (+0.89%)
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ZSK25 : 1055-4 (+0.24%)
ZSX25 : 1038-6 (+0.31%)
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Corn Posts Thursday Pop Higher

Corn futures closed out Thursday trade with contracts up 2 to 5 ¼ cents, bouncing from recent weakness. The nearby CmdtyView national average Cash Corn price was up 5 1/2 cents at $4.50 1/2. The CBOT...

ZCZ25 : 456-2 (-0.05%)
ZCPAUS.CM : 4.5039 (+1.25%)
ZCPZ25US.CM : 4.2368 (+0.55%)
ZCK25 : 479-2 (+0.42%)
ZCN25 : 485-6 (+0.36%)
Grain Rally Mystery: Why Are Soybeans, Corn, and Wheat Bucking the Trend?

In an interview on AgWeb's Markets Now, Darin Newsom of Barchart discussed the surprising grain market rally led by soybeans despite negative China trade news, a potential corrective bounce in corn with...

ZSN25 : 1064-4 (+0.24%)
ZWN25 : 546-0 (+0.28%)
LEM25 : 208.000s (-0.05%)
ZCN25 : 485-6 (+0.36%)
Pure Hedge - Livestock and Grain

Can the Grains Continue to Advance from here - Should the Cattle Markets Expect a 10% Pullback?

Chart of the Day - July Soybeans

Soybeans broke through long-term resistance today, can they maintain the rally?

Shootin' the Bull about significant divergence

In my opinion alone, and not to be confused with fact, is that the spread between the optimism of the producer, and the street signs of the economy, are believed as wide as I can ever recall.

Can Grain and Oilseed Prices Move Even Higher?

While corn, soybean, and wheat prices are higher than their most recent lows, they remain significantly lower than the 2022 high. As the agricultural commodities that feed and increasingly fuel the world...

SOYB : 21.88 (+0.84%)
ZCK25 : 479-2 (+0.42%)
CORN : 19.13 (+0.20%)
WEAT : 4.62 (-0.22%)
ZWK25 : 531-2 (+0.38%)
ZSK25 : 1055-4 (+0.24%)
Grain Markets Bounce Back While the Chop Persists in Livestock

Corn, beans, and wheat were able to see some strength into Thursday afternoon’s trade while livestock markets seemed to struggle to find conviction on direction.

Soybeans Pushing Higher on Thursday Following Lackluster Export Business

Soybeans are posting midday strength on Thursday, with gains of 3 to 7 cents. Nearbys are leading the charge. CmdtyView’s national front month Cash Bean price i up 7 3/4 cents at $9.98 ¼. Soymeal futures...

ZSPX25US.CM : 9.7307 (+0.89%)
ZLN25 : 50.73 (+1.32%)
ZMN25 : 296.1 (-0.20%)
ZSPAUS.CM : 10.0573 (+1.55%)
ZSK25 : 1055-4 (+0.24%)
ZSX25 : 1038-6 (+0.31%)
ZSN25 : 1064-4 (+0.24%)
Corn Posting Midday Gains on Thursday

Corn futures are showing a round of strength on Thursday, with front months up 4 to 5 cents and new crop December steady. The nearby CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.50...

ZCZ25 : 456-2 (-0.05%)
ZCPAUS.CM : 4.5039 (+1.25%)
ZCPZ25US.CM : 4.2368 (+0.55%)
ZCK25 : 479-2 (+0.42%)
ZCN25 : 485-6 (+0.36%)
Are Soybeans on the Verge of a Breakout?

Are Soybeans on the Verge of a Breakout?

Wheat Mixed on Thursday Morning

Wheat posted Wednesday losses across the three markets. Chicago SRW futures were down 6 to 8 cents at the final bell. Preliminary open interest was down 4,330 contracts. Kansas City HRW contracts were...

KEN25 : 552-2 (+0.27%)
MWK25 : 596-4 (+0.68%)
KEK25 : 539-2 (+0.28%)
ZWK25 : 531-2 (+0.38%)
ZWN25 : 546-0 (+0.28%)
Corn Bouncing Back on Thursday Morning

Corn futures are trading with contracts are up 1 ½ to 2 ½ cents so far on Thursday morning. The corn market fell lower on Wednesday, with losses of 3 to 4 cents across the front months. The nearby CmdtyView...

ZCZ25 : 456-2 (-0.05%)
ZCPAUS.CM : 4.5039 (+1.25%)
ZCPZ25US.CM : 4.2368 (+0.55%)
ZCK25 : 479-2 (+0.42%)
ZCN25 : 485-6 (+0.36%)
Soybeans Extending Gains Early on Thursday

Soybeans are trading with Thursday morning gains of 2 to 4 ½ cents. The soybean market held onto gains on Wednesday, with contracts closing 1 to 6 cents higher. Preliminary open interest was up 3,204...

ZSPX25US.CM : 9.7307 (+0.89%)
ZLN25 : 50.73 (+1.32%)
ZMN25 : 296.1 (-0.20%)
ZSPAUS.CM : 10.0573 (+1.55%)
ZSK25 : 1055-4 (+0.24%)
ZSX25 : 1038-6 (+0.31%)
ZSN25 : 1064-4 (+0.24%)
Wheat Weakness Continues on Wednesday

Wheat posted Wednesday losses across the three markets. Chicago SRW futures were down 6 to 8 cents at the final bell. Kansas City HRW contracts were 8 to 9 cents lower at the close. MPLS spring wheat...

KEN25 : 552-2 (+0.27%)
MWK25 : 596-4 (+0.68%)
KEK25 : 539-2 (+0.28%)
ZWK25 : 531-2 (+0.38%)
ZWN25 : 546-0 (+0.28%)
Corn Pressure Extends to Wednesday

The corn market fell lower on Wednesday, with losses of 3 to 4 cents across the front months. The nearby CmdtyView national average Cash Corn price is down 2 ¾ cents at $4.46 3/4. Pressure also came from...

ZCZ25 : 456-2 (-0.05%)
ZCPAUS.CM : 4.5039 (+1.25%)
ZCPZ25US.CM : 4.2368 (+0.55%)
ZCK25 : 479-2 (+0.42%)
ZCN25 : 485-6 (+0.36%)
Soybeans Hold Gains on Wednesday

The soybean market held onto gains on Wednesday, with contracts closing 1 to 6 cents higher. CmdtyView’s national front month Cash Bean price was up 5 1/4 cents at $9.90 1/2. Soymeal futures were mixed,...

ZSPX25US.CM : 9.7307 (+0.89%)
ZLN25 : 50.73 (+1.32%)
ZMN25 : 296.1 (-0.20%)
ZSPAUS.CM : 10.0573 (+1.55%)
ZSK25 : 1055-4 (+0.24%)
ZSX25 : 1038-6 (+0.31%)
ZSN25 : 1064-4 (+0.24%)
Shootin' the Bull about hindsight

Still kicking the same dead horse, but this time with a little more enthusiasm.

Soybean Bulls Gaining Ground on Wednesday

The soybean market is trading with gains of 2 to 6 cents so far on Wednesday, led by the front months. CmdtyView’s national front month Cash Bean price is up 6 1/4 cents at $9.91 1/2. Soymeal futures...

ZSPX25US.CM : 9.7307 (+0.89%)
ZLN25 : 50.73 (+1.32%)
ZMN25 : 296.1 (-0.20%)
ZSPAUS.CM : 10.0573 (+1.55%)
ZSK25 : 1055-4 (+0.24%)
ZSX25 : 1038-6 (+0.31%)
ZSN25 : 1064-4 (+0.24%)
Corn Facing Midweek Pressure

The corn market is holding onto Wednesday losses so far at midday. Contracts are down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 2 ¾ cents at $4.46 3/4. Weekly EIA...

ZCZ25 : 456-2 (-0.05%)
ZCPAUS.CM : 4.5039 (+1.25%)
ZCPZ25US.CM : 4.2368 (+0.55%)
ZCK25 : 479-2 (+0.42%)
ZCN25 : 485-6 (+0.36%)

Barchart Trading Guide

The Barchart Trading Guide is a Buy Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 462-1
2nd Resistance Point 461-1
1st Resistance Point 458-7
Last Price 456-6s
1st Support Level 455-5
2nd Support Level 454-5
3rd Support Level 452-3

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52-Week High 629-6
Fibonacci 61.8% 560-0
Fibonacci 50% 538-3
Fibonacci 38.2% 516-6
Last Price 456-6s
52-Week Low 447-0

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