Corn Market Recap - 2/10/2017

February 10, 2017 3:47PM CST

March Corn finished up 5 at 374 1/2, 1 off the high and 6 up from the low. May Corn closed up 4 3/4 at 382. This was 6 up from the low and 3/4 off the high.

March corn traded to a weekly high of 375 1/2 with follow through buying from yesterday's supportive USDA report. South Korea is tendering for 210,000 tonnes of corn today. Support from crude oil and copper as a risk on attitude was noted in most commodities today. Cash sources did note a significant increase in producer selling on the rally today. December corn closed at 399 1/4 the highest settlement since June 22nd of last year. The managed money category increased their net longs by 25,372 contracts last week.

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.