C=F - Corn Futures,Jul-2018,Composite

CBOT - CBOT Delayed Price. Currency in USX
357.50
+0.50 (+0.14%)
As of 2:19PM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2018-12-14
Open358.00
Bid357.25
Last Price357.00
Day's Range355.00 - 359.75
Volume119,294
Ask357.25
  • Reuters2 days ago

    EPA to propose 19.88 bln gallon biofuels mandate, up 3 pct - sources

    The U.S. Environmental Protection Agency will propose setting a 19.88-billion-gallon biofuels blending mandate in 2019 under the Renewable Fuel Standard (RFS), up about 3 percent from 2018, according to two sources briefed on the matter. The proposal will include 15 billion gallons for conventional biofuels like corn-based ethanol, unchanged from this year, and 4.88 billion gallons for advanced biofuels, up from 4.29 billion from this year, the sources said, asking not to be named. The targets for biodiesel will be 2.43 billion gallons, up from 2.1 billion this year.

  • MarketWatch4 days ago

    Gevo stock rallies another 70% after EPA decision on gasoline additive

    Shares of renewable chemicals and biofuels company Gevo Inc. rallied for a second straight day Tuesday, continuing to benefit after an Environmental Protection Agency decision that increased the volume of a biofuel that the company makes that can be blended with gasoline for on-road use in cars. The EPA raised the amount of isobutanol, a biofuel that can be produced from corn and other feedstocks, for on-road use to a 16 percent blend level from a previous 12.5 percent blend level. The approval came at the request of Delaware-based Butamax Advanced Biofuels LLC, a joint venture between BP Plc (BP.L) and DuPont (DWDP).

  • Reuters9 days ago

    EPA won't force refiners to make up waived biofuels volumes

    The U.S. Environmental Protection Agency said on Friday it cannot make large oil refineries blend additional biofuels into their gasoline to make up for volumes waived under the small refinery hardship waiver program unless Congress authorizes it. EPA has issued a record number of waivers freeing small refineries from the U.S. Renewable Fuel Standard (RFS) in the past year, drawing criticism from the biofuel industry and its legislative backers that the program undermines demand for corn-based ethanol. Lawmakers like Republican Senator Chuck Grassley of Iowa have demanded that other refiners take on bigger obligations to compensate for the volumes exempted under the program, as a way for President Donald Trump's administration to keep its promise to protect the 15-billion-gallon biofuel mandate.

  • Associated Press10 days ago

    Farmers in Trump country protest Pruitt's ethanol policies

    Deep in the heart of Trump country, Environmental Protection Agency chief Scott Pruitt is being met with protests by farmers and ethanol producers concerned that he is undermining the industry with his strong support of oil and gas. The farmers argue that Pruitt's actions have hammered demand for ethanol, hurting both ethanol and corn prices. "Agriculture is not very happy with Mr. Pruitt at this point," said David Fremark, whose family grows about 11,000 acres (17.2 square miles) of corn, sorghum, soybeans and spring wheat near Miller, South Dakota.

  • Reuters12 days ago

    U.S. EPA chief hints he could order more ethanol in fuel

    A week after the White House suspended its bid to reform the nation's biofuels policy to aid oil refiners, the head of the Environmental Protection Agency on Tuesday dangled a tantalizing prospect to Midwest corn farmers, saying the agency has the power to expand sales of higher ethanol gasoline blends. EPA Administrator Scott Pruitt made the comments during a multi-day tour of the Midwest, as he fended off criticism from farmers and heartland lawmakers that his attempts since last year to overhaul the U.S. Renewable Fuel Standard (RFS) marked a betrayal of Republican President Donald Trump's promises to support rural jobs.

  • Corn and Soybeans Break Down as Export Sales Dive
    FX Empire16 days ago

    Corn and Soybeans Break Down as Export Sales Dive

    Grain prices are lower after corn and soybeans broke down on Thursday. At the same time export sales are down which has helped price break lower. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.

  • Oilprice.com17 days ago

    Corn States Win In Fight Against Refiners

    The Trump administration has shelved its biofuel plan after a last minute offensive from the corn states that opposed the proposal

  • Reuters18 days ago

    Farmer pressure forces Trump biofuel policy suspension; credit prices jump

    The White House had been poised to announce proposed changes to the U.S. Renewable Fuel Standard (RFS) this week after hosting months of difficult negotiations between representatives of Big Oil and Big Corn, but delayed the announcement indefinitely, two sources familiar with the matter said late on Tuesday. Trump abandoned the efforts on Tuesday after learning that farmers in the important Midwestern constituency were uneasy with part of the proposal, one of the sources said.

  • Reuters18 days ago

    Farmer pressure forces Trump biofuel policy suspension; credit prices jump

    The White House had been poised to announce proposed changes to the U.S. Renewable Fuel Standard (RFS) this week after hosting months of difficult negotiations between representatives of Big Oil and Big Corn, but delayed the announcement indefinitely, two sources familiar with the matter said late on Tuesday. Trump abandoned the efforts on Tuesday after learning that farmers in the important Midwestern constituency were uneasy with part of the proposal, one of the sources said.

  • Reuters18 days ago

    Farmer pressure forces Trump biofuel policy suspension, U.S. prices spike

    Under pressure from U.S. lawmakers in farming states, President Donald Trump has abandoned an overhaul of biofuels policy aimed at reducing costs for the oil industry, sending U.S. renewable fuel credit prices soaring more than 40 percent on Wednesday. The White House had been poised to announce proposed changes to the U.S. Renewable Fuel Standard (RFS) this week after hosting months of difficult negotiations between representatives of Big Oil and Big Corn, but delayed the announcement indefinitely, two sources familiar with the matter said late on Tuesday.

  • Grains Rebounds but Positive Planting Results Weigh on Prices
    FX Empire18 days ago

    Grains Rebounds but Positive Planting Results Weigh on Prices

    Grain prices are higher in early North American trade. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).

  • Corn Bounces After Breaking Down Through Support Wheat and Soybeans Follow
    FX Empire19 days ago

    Corn Bounces After Breaking Down Through Support Wheat and Soybeans Follow

    Grain prices are higher across the board in early North American trade. Corn rebounded after breaking down through trend line support. Export sales were higher than expected in the latest week but failed to buoy prices.  Hedge fund traders barely changed their positions in corn while adding to short positions in wheat futures and options.  Tariff issues remain as the Trump Administration levied trade Steel and Aluminum tariffs on Europe, Canada and Mexico which could eventually experience retaliation on farm products.Corn Prices

  • Grains Prices Slump as Momentum Turns Negative
    FX Empire20 days ago

    Grains Prices Slump as Momentum Turns Negative

    Grain prices are lower in early North American trade. Prices are testing support as export sales rise. Tariff issues remain as the Trump Administration levied trade Steel and Aluminum tariffs on Europe, Canada and Mexico which could eventually experience retaliation on farm products.Corn Prices

  • Grain Prices are Mixed as Planting Accelerates
    FX Empire23 days ago

    Grain Prices are Mixed as Planting Accelerates

    Grain prices continue to whipsaw and are mixed in early North American trade. Corn and soybeans are higher while wheat prices are lower. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.

  • Reuterslast month

    China's buyers balk at U.S. corn on trade fears, GMO controls

    China's purchases of U.S. corn have slowed significantly due to worries the grain might be drawn into the trade spat between the world's two largest economies, and as Chinese customs keeps the brakes on clearances for cargoes, four traders told Reuters. Chinese buyers have cancelled multiple cargoes of corn so far this year, the latest product roiled by the China-U.S. trade tensions, traders and industry sources said. Now some traders say they have halted buying from the United States completely despite signs some of the trade tensions may be starting to ease.

  • Reuterslast month

    JBS sees higher grain prices, cuts other costs to offset

    Brazil's JBS SA, the world's largest meatpacking company, said on Tuesday that rising prices for grain, the key raw material for feed, don't show any hint of cooling off, forcing it to cut other costs. Chief Operating Officer Gilberto Tomazoni said the recent rise in grain prices has pressured profit margins for some products. An intense drought in Argentina earlier this year and below-average rains currently in Brazil have boosted prices for soybeans and corn, elevating costs mainly for pork and poultry processors who use the grains as the main ingredients for feed.

  • Wheat Tumbles, Corn and Soybeans Follow
    FX Empirelast month

    Wheat Tumbles, Corn and Soybeans Follow

    Grain prices are moving lower in early North American trade on Monday. Wheat is taking it on the chin, but soybean and corn are also lower. Corn export activity moved lower in the latest week, but the 4-week average was down. Current export sales are 1% behind last year’s pace.Corn Prices

  • Trump administration's ethanol decision expected to benefit refining companies, corn farmers
    American City Business Journalslast month

    Trump administration's ethanol decision expected to benefit refining companies, corn farmers

    The Trump administration's planned changes to the renewable fuel standard are expected to benefit San Antonio-based Valero Energy Corp. and corn farmers.

  • Grains Move Lower Following Latest WASDE Report
    FX Empirelast month

    Grains Move Lower Following Latest WASDE Report

    Grain prices are lower in early North American trade on Friday following Thursday USDA World supply and Demand report.  The latest WASDE data showed the 2018/19 outlook for US soybeans to reflect higher supplies, crush, exports, and lower ending stocks compared with the 2017/18 crop.  2018/19 corn use is forecast to decline modestly from a year ago on reductions in domestic use and exports.  However, corn used to produce ethanol is forecast 50 million bushels higher, largely due expectations of gasoline consumption growth. The 2018/19 wheat crop is projected at 1. ...

  • Grain Prices Consolidate Ahead of USDA’s Supply-Demand Report
    FX Empirelast month

    Grain Prices Consolidate Ahead of USDA’s Supply-Demand Report

    Grain prices are mixed ahead of Thursday USDA supply-demand report. Corn and soybean prices have pushed higher while wheat prices are slipping.  Traders are positioning for the USDA’s monthly supply-and-demand report which is expected to show a reduction in global grain stocks due to falling production estimates out of South America and the US. Corn prices are higher in early North-American trade on Thursday and continue to consolidate above support near the 10-day moving average which coincides with the breakout level at 3.95.  Resistance is seen near the May highs at 4.00.

  • Grain Prices are Mixed Ahead of USDA Supply and Demand Report
    FX Empire2 months ago

    Grain Prices are Mixed Ahead of USDA Supply and Demand Report

    Grain prices are mixed in early North American trade on Wednesday. Looking ahead to the USDA monthly WASDE report Thursday will be wondering whether China taps its corn reserves, as opposed to purchasing it from the US on the open market.  Global demand for corn in 2018-19 should surpass  production, but China could generate relief by dippings into its own surplus. Corn prices edged higher early North-American trade on Wednesday.

  • Trump says may move to count ethanol exports toward biofuels quotas: sources
    Reuters2 months ago

    Trump says may move to count ethanol exports toward biofuels quotas: sources

    U.S. President Donald Trump told a group of senators on Tuesday he is considering allowing exported ethanol to count toward the volumes mandated under the nation's biofuels law, a move intended to appease both Big Oil and Big Corn by cutting the refiners' regulatory costs while preserving demand for corn. According to two sources briefed on Trump's meeting with the Republican senators, Trump also reiterated his support for expanding sales of higher ethanol blends of gasoline, and backed away from a proposal to cap the price of credits called RINs that refiners must acquire and turn into the government each year to prove compliance with the biofuels quotas. The proposed changes follow months of fractious negotiations between Big Corn and Big Oil over the future of the U.S. Renewable Fuel Standard (RFS) that requires biofuels to be added to gasoline and diesel, after refiners increasingly complained the regulation was costing them a fortune.

  • Corn and Wheat Slide but Remain Above Breakout Levels
    FX Empire2 months ago

    Corn and Wheat Slide but Remain Above Breakout Levels

    Grain prices are giving back some of their recent gains. Corn and Wheat prices have broken out and soybean have lagged given concerns over tariffs in China which are weighing on prices. The soybean crush continues to show robust demand, which should keep soybean prices buoyed.

  • Reuters2 months ago

    CME Group considers raising corn, soybean storage rates

    Exchange-operator CME Group Inc is weighing an increase in the storage rates for its corn and soybean futures to address concerns the contracts' prices are not accurately reflecting the underlying U.S. cash grain markets. * CME may raise the fixed maximum storage rate that regular warehouses can charge holders of its outstanding shipping certificates, according to a notice the company sent to customers. * CME contacted market participants for their views, and most support an adjustment to contract storage rates to make sure that futures converge with cash prices, the notice says.

  • Reuters2 months ago

    White House sets meeting with senators on biofuels next week -sources

    The Trump administration has invited a group of U.S. senators to the White House early next week to discuss biofuels policy, the latest in a series of such meetings aimed at helping refiners cope with the Renewable Fuel Standard, according to two sources familiar with the matter. The senators will include Republicans Chuck Grassley and Joni Ernst of corn state Iowa, along with Pat Toomey and Ted Cruz of refinery states Pennsylvania and Texas, according to the sources, who asked not to be named. White House spokeswoman Kelly Love did not immediately respond to a request for comment.