Corn Market Recap - 10/21/2016

October 21, 2016 10:46AM CDT

December Corn finished up 1 1/2 at 352 1/2, 1 3/4 off the high and 2 up from the low. March Corn closed up 1 1/2 at 362 1/4. This was 2 1/4 up from the low and 1 1/4 off the high.

December corn closed at 352 1/2 up 1 1/2 cents on the day and down 1 3/4 cents on the week. Some problematic rains could fall in the northwestern areas of the belt centered primarily over the Northern Iowa and Southern Minnesota over the next 7 days that could delay some harvesting. Harvest progress should be 60% or higher on Monday's report. The corn market found some spillover support from the soybean rally and a strong ethanol market after Wednesday's solid production numbers. COT data showed managed money traders reduced their corn short by 61,000 contracts last week, leaving their short at only 69,978 contracts.


< Back to Articles & Videos

RJO Futures | 222 South Riverside Plaza, Suite 1200 | Chicago, Illinois 60606 | United States
800.441.1616 | 312.373.5478

This material has been prepared by a sales or trading employee or agent of RJO Futures and is, or is in the nature of, a solicitation. This material is not a research report prepared by RJO Futures Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.