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 and Ethanol Cash Prices Higher Monday
Ethanol RINs and ethanol cash prices were higher Monday. September corn closed down 3/4 cent at $4.38 1/4 and December was down 1/4 at $4.61 3/4.
Fertilizer Prices Fall as UAN32 Leads Significant Drops Heading Into August
Most fertilizer prices fell in late July with UAN32 dropping 14% month over month to $459/ton, leading a group of three fertilizers reporting significant price drops.