TREND: The trend in most active corn futures is higher for now, but is close to being revised to sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 358,367 contracts as of Oct. 13, net-sellers of 94,106 contracts after the bearish October WASDE added over 400 mb to new-crop U.S. corn supplies compared to the September report.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 326,958 contracts as of Oct. 13, and were net-buyers of 83,994 contracts through the CFTC reporting period. The December 2026 contract is priced 12 1/4 cents lower than the March 2027 contract, firming (less carry) 2 1/4 cents through the week and to the narrowest weekly close for the...
Commentary
Ethanol RINs and Ethanol Cash Prices lower Wednesday
Ethanol RINs and ethanol cash prices were lower Wednesday. December corn closed up 1 1/4 cents per bushel at $4.63 1/4 and March closed up 1 1/4 cents at $4.77 1/4.
UAN32, UAN28 and Anhydrous Lead Fertilizer Prices Higher
For the third week in a row, seven of the eight major fertilizers are more expensive compared to the second week of September 2026. Three fertilizers (UAN32, UAN28 and anhydrous) had substantial price increases. DTN designates a significant move as anything 5% or more.