TREND: The trend in most active corn futures is revised to sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 286,689 contracts as of Oct.20, net-sellers of 71,678 contracts as traders rushed to secure profits following the recent bearish USDA updates and advancement of U.S. harvest.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 261,080 contracts as of Oct. 20, and were net-buyers of 65,878 contracts through the CFTC reporting period. The December 2026 contract is priced 14 cents lower than the March 2027 contract, fading (adding carry) 2 1/4 cents through the week as traders appear uncertain of where national corn productivity will land in...
Commentary
Ethanol RINs Higher and Ethanol Cash Prices Lower Tuesday
Ethanol RINs were higher and ethanol cash prices were lower Tuesday. December corn closed down 6 1/4 cents per bushel at $4.48 3/4 and March closed down 6 cents at $4.62 3/4.
UAN32, UAN28 and Anhydrous Lead Fertilizer Prices Higher
For the third week in a row, seven of the eight major fertilizers are more expensive compared to the second week of September 2026. Three fertilizers (UAN32, UAN28 and anhydrous) had substantial price increases. DTN designates a significant move as anything 5% or more.