TREND: The trend for September corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 133,467 contracts as of July 29, a decrease of 416 contracts as traders held positions steady following a selloff back towards chart support at mid-July lows.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 163,897 contracts as of July 29, a decrease of 1,626 contracts week over week. The September 2025 contract is priced 21 1/4 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicative of comfortable old crop supplies to bridge the gap the new crop harvest. DTN's National Cash Index indicated that corn basis held...
Commentary
Ethanol Cash Prices Mixed, Ethanol RINS Lower
Ethanol cash prices were mixed and ethanol RINS were lower. September corn closed down 4 1/2 cents per bushel at $3.89 1/2 and December corn was down 3 cents at $4.10 3/4.
Average Retail Prices Climb for 4 Fertilizers, Drop for 3
Average retail prices for four of the eight major fertilizers were higher compared to last month. For the seventh consecutive week, no fertilizer price was considerably higher or lower. DTN designates a significant move as anything 5% or more.