TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 131,463 contracts as of July 14, and were net-buyers of 30,483 contracts during the CFTC reporting period as traders returned to buying with conditions across the U.S. Corn Belt turning hot and dry through mid-July.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 94,976 contracts as of July 14, and were net-sellers of 27,322 contracts through the CFTC reporting period. The September 2026 contract is priced 22 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through...
Commentary
Ethanol RINs Lower, Ethanol Cash Prices Higher Wednesday
Ethanol RINs were lower and ethanol cash prices were higher Wednesday. September corn closed down 9 1/2 cents per bushel at $4.49 and December closed down 8 3/4 at $4.71 3/4.
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.