TREND: The trend in most active corn futures is revised to higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 302,142 contracts as of August 18, and were net-buyers of 57,230 contracts during the CFTC reporting period as traders returned as avid buyers amid lower yield ideas following the August WASDE and mid-August Midwest crop tours.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 245,600 contracts as of August 18, and were net-sellers of 47,472 contracts through the CFTC reporting period. The September 2026 contract is priced 24 3/4 cents lower than the December 2026 contract, weakening through the week to the highest degree of carry between...
Commentary
Ethanol RINs Mixed, Ethanol Cash Prices Lower Wednesday
Ethanol RINs were mixed and ethanol cash prices were lower Wednesday. September corn closed up 13 1/2 cents at $5.14 and December was up 13 cents at $5.36 1/2
UAN28 Leads Fertilizer Price Declines for Fifth Consecutive Week
For the fifth consecutive week, prices for five of the eight major fertilizers are lower compared to last month, with the remaining three nutrients being slightly higher. DTN designates a significant move as anything 5% or more. UAN28 is the only nutrient with a significant price move compared to a month earlier.