TREND: The trend for July corn is higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 302,002 contracts as of May 26, and were net-sellers of 56,100 contracts during the CFTC reporting period as traders booked profits on length amid renewed peace efforts in the Middle East and few issues for U.S. planting thus far.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 231,519 contracts as of May 26, and were net-buyers of 57,106 contracts through the CFTC reporting period. The July 2026 contract is priced 9 cents lower than the September 2026 contract, still among the highest degree of carry between the two contracts through their trading lives. National...
DTN's Grain Quick Takes
OMAHA (DTN) -- On Sunday evening, July corn is down 1 1/2 cents per bushel, July soybeans are down 1/4 cent, July Kansas City wheat is up 1/2 cent, July Chicago wheat is down 1/4 cent and MIAX July Minneapolis wheat is down 2 cents.