TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 254,320 contracts as of July 28, and were net-buyers of 67,670 contracts during the CFTC reporting period as traders continued to build a bullish price outlook with conditions across the U.S. Corn Belt turning hot and dry through the second half of July.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 203,931 contracts as of July 28, and were net-sellers of 64,677 contracts through the CFTC reporting period. The September 2026 contract is priced 23 cents lower than the December 2026 contract, firming slightly through the week but still among the highest...
Commentary
Ethanol RINs Higher, Ethanol Cash Prices Mixed Friday
Ethanol RINs were higher and ethanol cash prices were mixed Friday. September corn closed down 3 1/4 cents per bushel at $4.45 3/4 and December closed down 3 1/4 at $4.68 1/2.
Fertilizer Prices Keep Sliding as UAN32 Leads 4 Nutrients in Significant Drops
Average retailer fertilizer prices fell for the seventh consecutive week in late July, with UAN32 leading declines at 14% month over month.