TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 58,333 contracts as of June 23, and were net-sellers of 19,511 contracts during the CFTC reporting period as traders continued to liquidate length amid a good start to the U.S. growing season as well as weakening energy influence with an interim peace plan in effect in the Middle East.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 16,495 contracts as of June 23, and were net-buyers of 15,976 contracts through the CFTC reporting period. The July 2026 contract is priced 8 3/4 cents lower than the September 2026 contract, still among the highest degree of...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:52 -- September corn is up 4 3/4 cents per bushel, November soybeans are up 1 1/2 cents, September KC wheat is up 9 3/4 cents, September Chicago wheat is up 9 3/4 cents and MIAX September Minneapolis wheat is up 5 cents.