🌽✨ Corn Futures (ZCZ2025) — Market Snapshot ✨🌽
📈 Trend: Range-Bound
🌍 U.S. production steady at ~400 million bushels, with 13% stock-to-use ratio.
⚠️ Brazilian exports remain heavy while Ukrainian exports are unusually low.
📊 Technical Indicator: 🔁 Three Black Cow
🧭 A Three Black cow pattern has emerged on the chart — a classic bearish signal indicating potential weakness ahead and caution for near-term buyers.
💰 Support: 🟢 425 USD/bu
🎯 Caution advised: Ongoing farmer selling at lower levels could cap any short-term recovery.
💵 Resistance Zone: 🔴 435 – 440 USD/bu
📉 Traders eyeing this zone for profit-taking or range-top resistance.
📊 Open Interest: 📄 308.97K contracts
🪙 Suggests strong market participation — indicating sustained hedging and speculative interest.
🛢️ Future Type: 🌽 Corn (ZCZ2025)
📍 Traded on the Chicago Board of Trade (CBOT) — the benchmark contract for global corn pricing.
It’s a caution that the information provided is for knowledge purposes only and should not be taken as a recommendation to buy or sell assets.
