TREND: The trend for May corn is revised to sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 248,881 contracts as of April 14, and were net-sellers of 41,938 contracts during the CFTC reporting period as traders have been active securing profits after building their largest length in corn futures in over a year by late March.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 202,187 contracts as of April 14, and were net-buyers of 30,782 contracts through the CFTC reporting period. The May 2026 contract is priced 8 3/4 cents lower than the July 2026 contract, narrowing (less carry) through the week for the third straight week. National average corn...
DTN's Grain Quick Takes
OMAHA (DTN) --May corn is down 1/4 cents and May soybeans are down 1 3/4 cents. May KC wheat is up 7 cents, May Chicago wheat is up 2 cents, and May MIAX Minneapolis wheat is up 2 cents. June crude oil is up $1.18 and Dow Jones futures are down 238 points.