TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 255,068 contracts as of Aug. 4, and were net-buyers of 748 contracts during the CFTC reporting period as traders continued to hold a bullish price outlook for late summer 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 208,345 contracts as of Aug. 4, and were net-sellers of 4,414 contracts through the CFTC reporting period. The September 2026 contract is priced 23 cents lower than the December 2026 contract, steady through the week but still among the...
Commentary
Ethanol RINs Lower and Ethanol Cash Prices Mixed Tuesday
Ethanol RINs were lower and ethanol cash prices were mixed Tuesday. September corn closed down 1 1/2 cents at $4.36 3/4 and December down 1 1/4 cents at $4.60 1/2.
Fertilizers Start August With Mixed Prices as 5 Nutrients Decline, Led by UAN32
Retail fertilizer prices are somewhat varied as the calendar changes over to August. Five of the eight major fertilizers are lower compared to last month with the remaining three nutrients slightly higher. DTN designates a significant move as anything 5% or more.