TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 64,177 contracts as of June 30 and were net-buyers of 5,844 contracts during the CFTC reporting period as traders were satisfied with the selloff through the previous month and looked to square positions ahead of month end as well as critical July weather for corn.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 34,879 contracts as of June 30 and were net-sellers of 18,384 contracts through the CFTC reporting period. The September 2026 contract is priced 18 1/2 cents lower than the December 2026 contract, still among the highest degree of carry...
Commentary
Ethanol Futures Trickle Higher Wednesday
Ethanol prices posted light to moderate gains, although the main focus was focused on strong renewed buyer support in gasoline and crude oil futures. Double-digit gains in RBOB gasoline prices put the emphasis back on higher energy prices.
Six Fertilizers Lead Retail Fertilizer Prices Lower for Third Consecutive Week
DTN tracked mostly lower retail fertilizer prices for the week of the last few days of June and first few days of July 2026, with urea leading four nutrients to significant declines. DTN designates a significant move as anything 5% or more.