TREND: The trend for May corn is revised to higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 257,781 contracts as of March 10 and were net-buyers of 167,722 contracts during the CFTC reporting period as prices rallied on sharply higher energy markets following the onset of the U.S.-Israel and Iran War.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 209,182 contracts as of March 10 and were net-sellers of 149,400 contracts through the CFTC reporting period. The May 2026 contract is priced 11 1/4 cents lower than the July 2026 contract, widening (more carry) through the week, and among the highest degree of carry between the two contracts through...
Commentary
Ethanol RINS Lower, Ethanol Cash Prices Mixed Friday
Ethanol RINS were lower and ethanol cash prices were mixed Friday. May corn closed up 4 3/4 cents per bushel at $4.67 1/4 and July corn was up 4 1/4 cents at $4.78 1/4.
Despite US and Israel-Iran Conflict, Retail Fertilizers Start March Mixed
Despite the U.S. and Israel-Iran conflict, retail fertilizer prices are varied -- for now. Five of the eight major fertilizers were higher compared to last month while the remaining three were a bit less expensive. Only one nutrient, urea, was higher by a considerable amount, which DTN designates as anything 5% or more.