TREND: The trend in most active corn futures is considered sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 201,272 contracts as of Oct. 27, net-sellers of 85,417 contracts as traders continue to rush to secure what profits remain on what was once a historically bullish position.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 189,677 contracts as of Oct. 27 and were net-buyers of 71,403 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/4 cents lower than the March 2027 contract, firming (less carry) slightly through the week and in a strengthening trend since early August. National average corn basis firmed...
Commentary
Ethanol RINs Higher and Ethanol Cash Prices Mixed Wednesday
Ethanol RINs were higher and ethanol cash prices were mixed Wednesday. December corn closed up 1 3/4 cents per bushel at $4.44 1/4 and March closed up 2 cents at $4.58 1/4.
UAN28 Continues to Lead Fertilizer Prices Higher in October's Final Week
Seven of eight retail fertilizer prices tracked by DTN were higher in the final week of October, although none of the nutrients saw significant price jumps.