TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 131,463 contracts as of July 14, and were net-buyers of 30,483 contracts during the CFTC reporting period as traders returned to buying with conditions across the U.S. Corn Belt turning hot and dry through mid-July.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 94,976 contracts as of July 14, and were net-sellers of 27,322 contracts through the CFTC reporting period. The September 2026 contract is priced 22 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through...
Commentary
Ethanol RINs Higher, Ethanol Cash Prices Lower Friday
Ethanol RINs were higher and ethanol cash prices were lower Friday. September corn closed up 3 1/4 cents per bushel at $4.44 3/4 and December closed up 3 1/2 cents at $4.67 1/2.
UAN Fertilizers Lead Nutrient Prices Downward
Most retail fertilizer prices are lower for the first full week of July 2026. Prices for six of the eight major fertilizers are lower compared to last month with four nutrients having significant price declines, which DTN designates as anything 5% or more.