TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 100,980 contracts as of July 7, and were net-buyers of 36,803 contracts during the CFTC reporting period as traders looked to build weather risk back into prices ahead of a hotter and drier mid-July forecast.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 67,654 contracts as of July 7, and were net-sellers of 32,775 contracts through the CFTC reporting period. The September 2026 contract is priced 21 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through their...
DTN's Grain Quick Takes
OMAHA (DTN) --September corn is up 6 cents and August soybeans are up 11 3/4 cents. September KC wheat is up 11 1/4 cents, September Chicago wheat is up 9 3/4 cents, and September MIAX Minneapolis wheat is up 8 1/2 cents.