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 Mixed In Limited Trade
Ethanol prices remained stable following early week gains. The continued support in grain trade, potentially based on weather conditions, could bring additional market volatility into ethanol markets in the coming days.
Urea, UAN Fertilizers Lead Majority of Fertilizer Prices Lower
Retail fertilizer prices tracked by DTN for the last week of June 2026 were mostly lower compared to a month earlier, led by urea and the UAN fertilizers.