TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 58,333 contracts as of June 23, and were net-sellers of 19,511 contracts during the CFTC reporting period as traders continued to liquidate length amid a good start to the U.S. growing season as well as weakening energy influence with an interim peace plan in effect in the Middle East.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 16,495 contracts as of June 23, and were net-buyers of 15,976 contracts through the CFTC reporting period. The July 2026 contract is priced 8 3/4 cents lower than the September 2026 contract, still among the highest degree of...
Commentary
Ethanol RINs, Ethanol Cash Prices Lower Wednesday
Ethanol RINs and ethanol cash prices were lower Wednesday. September corn closed up 6 cents per bushel at $4.22 3/4 and December closed up 6 1/4 cents at $4.42 1/4.
Urea, UAN Fertilizers Lead Majority of Fertilizer Prices Lower
Retail fertilizer prices tracked by DTN for the last week of June 2026 were mostly lower compared to a month earlier, led by urea and the UAN fertilizers.