Home / Markets / Markets Analysis / Corn market / July corn deliveries not expected

July corn deliveries not expected

06/27/2013 @ 12:35pm

No deliveries are expected against Chicago Board of Trade July corn and soybean futures contracts on first-notice day Friday, due to tight current supplies.

Friday will be first-notice day for July grain and soy futures, or the first day on which notices of delivery intentions against futures contracts can be received.

Low delivery intentions would signify that market participants would rather exit their market positions than provide commodities to a buyer--reflecting the scarcity of supplies after severe drought reduced U.S. corn and soybean output last year.

Most analysts expect delivery notices against the July corn and soybean contracts at zero.

Delivery notices against July soybean meal contracts are also expected to be zero, though analysts say delivery notices for July soybean oil contracts could range from 500 lots to 1,250 lots.

Analysts expect delivery notices against CBOT July wheat futures at somewhere between zero lots and 125 lots.

Write to Owen Fletcher at owen.fletcher@dowjones.com

(END) Dow Jones Newswires

June 27, 2013 09:59 ET (13:59 GMT)

DJ Tight Supplies Not Expected to Produce Any Corn, Soy Deliveries->copyright

CancelPost Comment

Drought Punishes Kansas Wheat Crop By: 04/24/2014 @ 8:51am Drought in Kansas intensified in the week through April 22, according to the U.S. Drought…

CME Ups Soybean Price Limit to $1 By: 04/23/2014 @ 10:15am CME Group Inc. plans to change the way it sets one-day price limits in the trading of corn…

Ukraine's Farmers Miss Benefits of… By: 04/23/2014 @ 10:07am Wheat prices in Ukraine in the local currency, the hryvnia, have hit a historic high due to…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline