TREND: The trend for May corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 8,828 contracts as of Feb. 24, and were net-buyers of 16,663 contracts during the CFTC reporting period as prices rallied through the week.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 12,455 contracts as of Feb. 24, and were net-sellers of 13,535 contracts through the CFTC reporting period. The May 2026 contract is priced 7 3/4 cents lower than the July 2026 contract, narrowing (less carry) through the week, but still among the highest degree of carry between the two contracts through their trading life. National average corn basis firmed 4 cents through the week...
Commentary
Ethanol RINS Higher, Ethanol Cash Prices Mixed Friday
Ethanol RINS were higher and ethanol cash prices were mixed Friday. May corn closed up 5 cents at $4.38 3/4 and July corn was up 4 3/4 cents at $4.48 1/2.
For Second Consecutive Week, All Eight Major Fertilizers Sees Prices Move Higher
Average retail prices for all eight major fertilizers were higher than last month for the second week in a row during the third week of February 2026. Only one nutrient, urea, was higher by a considerable amount, which DTN designates as anything 5% or more.