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

CBOT - CBOT Delayed Price. Currency in USX
378.25
+2.75 (+0.73%)
At close: 12:05PM EST
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Pre. SettlementN/A
Settlement Date2018-12-14
Open378.00
Bid350.00
Last Price375.50
Day's Range374.25 - 379.00
Volume357
Ask380.00
  • Trump to Modestly Boost 2019 Biofuel Mandate in Gasoline
    Bloomberg15 days ago

    Trump to Modestly Boost 2019 Biofuel Mandate in Gasoline

    With the final 2019 quotas released Friday, the Environmental Protection Agency is kicking off a head-to-toe overhaul of the Renewable Fuel Standard and setting off a fresh battle between the oil industry and agricultural interests over U.S. gasoline market share that will play out against an increasingly political backdrop. Refiners and some environmentalists will be pressuring the EPA to dial back the 13-year-old biofuel mandate next year, even as President Donald Trump courts voters in the top corn- and ethanol-producing state of Iowa. Trump easily won Iowa in 2016’s presidential election after pledging to back ethanol.

  • Reuters15 days ago

    EPA says lifts advanced biofuel mandate for 2019, keeps ethanol steady

    The U.S. Environmental Protection Agency said on Friday it lifted its annual blending mandate for advanced biofuels by 15 percent for 2019, while keeping the requirement for conventional biofuels like corn-based ethanol steady. The mandate was the same as reported by Reuters on Thursday, in an article citing an internal agency document. The mandate includes 4.92 billion gallons for advanced biofuels, up from the EPA's initial proposal in June of 4.88 billion and above the 4.29 billion that had been set for 2018, EPA said.

  • Reuters16 days ago

    Exclusive: EPA lifts advanced biofuel mandate for 2019 - document

    The U.S. Environmental Protection Agency lifted its annual blending mandate for advanced biofuels by 15 percent for 2019, while keeping steady the requirement for conventional biofuels like corn-based ethanol, according to an agency document seen by Reuters on Thursday. The mandate includes 4.92 billion gallons for advanced biofuels that can be made from plant and animal waste, an increase from the EPA's initial proposal in June of 4.88 billion and above the 4.29 billion that had been set for 2018, according to the document. The EPA is required to announce formally the biofuel mandate figures, which are closely watched by the rival corn and oil industries, by Friday.

  • Penny for your corn? Stingy trade-war aid irks U.S. farmers
    Reuters17 days ago

    Penny for your corn? Stingy trade-war aid irks U.S. farmers

    Iowa corn farmer Bob Hemesath jokes that the government check he expects as compensation for his trade-war losses will soon allow him to splurge on upscale coffee in town instead of his usual burnt gas-station brew. Rob Sharkey, an Illinois farmer, hopes his corn trade aid check will be big enough for that margarita machine he and his wife have been eyeing – but they doubt they'll be any left over for the booze. Federal economists have calculated that the nation’s losses in corn - its largest crop by harvest and export volume - amount to just a penny per bushel, a pittance farmers call absurd.

  • Reuters17 days ago

    Penny for your corn? Stingy trade-war aid irks U.S. farmers

    Iowa corn farmer Bob Hemesath jokes that the government check he expects as compensation for his trade-war losses will soon allow him to splurge on upscale coffee in town instead of his usual burnt gas-station brew. Rob Sharkey, an Illinois farmer, hopes his corn trade aid check will be big enough for that margarita machine he and his wife have been eyeing – but they doubt they'll be any left over for the booze. Federal economists have calculated that the nation’s losses in corn - its largest crop by harvest and export volume - amount to just a penny per bushel, a pittance farmers call absurd.

  • Reuters18 days ago

    Penny for your corn? Stingy trade-war aid irks U.S. farmers

    Iowa corn farmer Bob Hemesath jokes that the government check he expects as compensation for his trade-war losses will soon allow him to splurge on upscale coffee in town instead of his usual burnt gas-station brew. Rob Sharkey, an Illinois farmer, hopes his corn trade aid check will be big enough for that margarita machine he and his wife have been eyeing – but they doubt they'll be any left over for the booze. Federal economists have calculated that the nation’s losses in corn - its largest crop by harvest and export volume - amount to just a penny per bushel, a pittance farmers call absurd.

  • Reuters18 days ago

    Penny for your corn? Stingy trade-war aid irks U.S. farmers

    Iowa corn farmer Bob Hemesath jokes that the government check he expects as compensation for his trade-war losses will soon allow him to splurge on upscale coffee in town instead of his usual burnt gas-station brew. Rob Sharkey, an Illinois farmer, hopes his corn trade aid check will be big enough for that margarita machine he and his wife have been eyeing – but they doubt they'll be any left over for the booze. Federal economists have calculated that the nation’s losses in corn - its largest crop by harvest and export volume - amount to just a penny per bushel, a pittance farmers call absurd.

  • Exclusive: EPA will not reallocate waived biofuel volumes to 2019 - official
    Reuters18 days ago

    Exclusive: EPA will not reallocate waived biofuel volumes to 2019 - official

    The U.S. Environmental Protection Agency (EPA) has rejected requests from the corn lobby to reallocate biofuel volumes waived under its small refinery exemption program into its 2019 mandate, an agency official told Reuters on Tuesday. The move is likely to infuriate the powerful corn lobby and top officials in the U.S. Department of Agriculture, who have complained for months that an expansion of the EPA's refinery waiver program under the Trump administration threatens demand for crucial farm products like corn-based ethanol.

  • TheStreet.com24 days ago

    How Grain Futures Revolutionized Finance

    When the corn, wheat and oats futures contracts debuted in 1877, little did the 12 men who founded the Chicago Board of Trade realize they were creating a vehicle that would result in trillions of dollars traded globally every year. Although the CBOT was founded in 1848, it still took nearly 30 years to develop standardized instruments for selling grain with delivery at some point in the future at a price determined today, says Fred Seamon, senior director, grains and oilseeds for CME Group. At its inception, the CBOT centralized grain dealing, which represented the beginning of price discovery and price transparency, Seamon says, but it was still just a seasonal cash market because farmers and merchants met only around harvest.

  • Reuterslast month

    Green Plains shuts plant, faces ethanol downturn

    Green Plains Inc, the nation's fourth-largest ethanol producer, has permanently shuttered a Virginia production plant and cut output at several other facilities as it tries to navigate a supply glut that has pummeled biofuel profits. Green Plains announced on Thursday that it was closing a plant in the town of Hopewell that had capacity to produce 60 million gallons annually. With ethanol plants in Corn Belt states such as Iowa and Illinois struggling to make money, further-flung facilities have been under even more pressure as bringing in corn from far away boosts feedstock costs.

  • Reuterslast month

    Toxin in U.S. corn harvest poses latest headache for farmers

    North American farmers are finding increased levels of a plant toxin known as vomitoxin in this year's corn harvest, adding insult to injury for growers already suffering as the U.S.-China trade war hurts soybean exports and crop prices. Vomitoxin sickens livestock and can also make humans and pets fall ill, and grain buyers can reject cargoes or fine farmers for shipments that contain it. More cases than normal are likely in the corn crop because wet weather this autumn caused the fungus to develop while delaying harvests, Iowa State University grain quality expert Charles Hurburgh said on Monday.

  • TheStreet.comlast month

    Investing in Silver: Four Ways to Invest and Why

    While silver is technically a commodity like any other, precious metals are somewhat different as an asset class. Unlike crude oil, corn or lumber, the value of silver isn't limited to its consumption uses. In fact, while silver does have non-trivial industrial applications, most of its value comes from its status as an investment vehicle.

  • As China soy demand wavers, U.S. farmers turn back to grains
    Reuterslast month

    As China soy demand wavers, U.S. farmers turn back to grains

    Since the mid-2000s, North Dakota farmer Paul Thomas has planted more of his land with soybeans as China's demand for the oilseed grew. The shift culminated this year when Thomas planted 1,600 of his 5,000 acres with soybeans, the most ever. The change will reverse a trend that saw U.S. farmers plant more acreage this year with soybeans than corn for the first time in 35 years.

  • Reuters2 months ago

    Expanding ethanol sales would have limited U.S. market impact -analysts

    The Trump administration's plan to allow year-round sales of higher-grade corn ethanol would have limited impact on the depressed U.S. ethanol market, with record supplies and prices for the fuel hovering near the lowest in a decade, analysts said. President Donald Trump announced the decision last week ahead of a campaign trip to Iowa, the top producer of corn and ethanol. With mid-term elections looming, Trump aimed to give a boost to corn producers in the Farm Belt, who helped secure his narrow 2016 election victory.

  • Reuters2 months ago

    BRIEF-China Starch Says Units To Procure Additional Seamless Steel Pipes And Welded Pipes From Tongda

    Oct 15 (Reuters) - China Starch Holdings Ltd: * GOLDEN CORN AND GOLDEN CORN BIOTECH ENTERED MATERIALS PROCUREMENT CONTRACTS WORTH RMB27.9 MILLION WITH SHANDONG SHOUGUANG TONGDA ALLOYS * GOLDEN CORN AND ...

  • MarketWatch2 months ago

    Corn prices climb, poised for highest finish in over 7 weeks after USDA report

    Corn prices climbed Thursday, set to mark their highest settlement since late August after the U.S. Department of Agriculture forecast a significant drop in global supplies of corn. The USDA confirmed that "global corn supplies will fall almost 20% from last year, said Sal Gilbertie, president and chief investment officer at Teucrium Trading. Global corn was expected to decline by 19.6% to ending stocks of 159.35 metric tons for the 2018/2019 crop year. "Coupled with President Donald Trump's proposal of only two days ago to raise the ethanol blend in U.S. gasoline" from 10% to 15%, that market sees caution flags "about the size of corn supply surpluses in the future," he said. December corn rose 6 3/4 cents, or 1.9%, to $3.69 1/2 a bushel in Chicago.

  • In boon for farmers, Trump lifts restrictions on ethanol
    Associated Press2 months ago

    In boon for farmers, Trump lifts restrictions on ethanol

    The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for farm states that have pushed for greater sales of the corn-based fuel.

  • Reuters2 months ago

    Trump raises ethanol use in gasoline, appeases farmers ahead of elections

    U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the nation's Farm Belt and angering oil refiners ahead of November's Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, by boosting ethanol demand while also cutting costs for refiners.

  • Trump raises ethanol use in gasoline, appeases farmers ahead of elections
    Reuters2 months ago

    Trump raises ethanol use in gasoline, appeases farmers ahead of elections

    U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the nation's Farm Belt and angering oil refiners ahead of November's Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, by boosting ethanol demand while also cutting costs for refiners.

  • Reuters2 months ago

    Trump raises ethanol use in gasoline, appeases farmers ahead of elections

    U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the nation's Farm Belt and angering refiners ahead of November's Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, in an attempt to boost ethanol demand while cutting compliance costs for refiners.

  • Fox Business2 months ago

    Trump to lift ethanol restrictions, could lower gas prices

    The decision comes as farmers have been voicing concerns over a growing trade war between the White House and China.

  • Reuters3 months ago

    White House mulls limits on biofuel trading as part of E15 deal: sources

    The White House is considering imposing restrictions on trading of biofuel credits, hoping to discourage speculation and reduce costs for oil refiners to comply with U.S. biofuels policy, according to three sources familiar with the discussions. The move would be part of a widely anticipated deal to help U.S. corn farmers and biofuels producers by lifting a ban on summer sales of higher ethanol blends of gasoline. U.S. President Donald Trump has repeatedly said he supports lifting that ban on so-called E15 gasoline to help expand the market for corn.

  • White House mulls limits on biofuel trading as part of E15 deal: sources
    Reuters3 months ago

    White House mulls limits on biofuel trading as part of E15 deal: sources

    The White House is considering imposing restrictions on trading of biofuel credits, hoping to discourage speculation and reduce costs for oil refiners to comply with U.S. biofuels policy, according to three sources familiar with the discussions. The move would be part of a widely anticipated deal to help U.S. corn farmers and biofuels producers by lifting a ban on summer sales of higher ethanol blends of gasoline. U.S. President Donald Trump has repeatedly said he supports lifting that ban on so-called E15 gasoline to help expand the market for corn.

  • Reuters3 months ago

    Brazil's BRF sees rising competition for corn from ethanol makers

    Brazil's largest poultry processor BRF SA has seen rising competition for corn supplies in the country's center-west region coming from plants producing corn-based ethanol, Chief Executive Pedro Parente said on Wednesday. Corn-based ethanol is a relatively new trend in Brazil, but has been developing quickly in center-west states such as Mato Grosso due to the ample supplies of the cereal.