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 and Ethanol Cash Prices Lower Wednesday
Ethanol RINs and ethanol cash prices were lower Wednesday. September corn closed down 5 1/2 cents per bushel at $4.36 3/4 and December closed down 5 1/2 at $4.60.
Fertilizer Prices Fall as UAN32 Leads Significant Drops Heading Into August
Most fertilizer prices fell in late July with UAN32 dropping 14% month over month to $459/ton, leading a group of three fertilizers reporting significant price drops.