TREND: The trend for July corn is revised to sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 263,732 contracts as of April 21, and were net-buyers of 14,851 contracts during the CFTC reporting period as traders returned to buying after prices reached chart support in mid-April.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 208,245 contracts as of April 21, and were net-sellers of 6,058 contracts through the CFTC reporting period. The July 2026 contract is priced 5 1/4 cents lower than the September 2026 contract, widening (more carry) through the week and to the highest degree of carry between the two contracts through their trading lives...
Commentary
Ethanol RINs Higher, Ethanol Cash Prices Mixed Thursday
Ethanol RINs were higher and ethanol cash prices were mixed Tuesday. July corn closed down 3 cents per bushel at $4.74 3/4 and September finished down 3 1/4 cents per bushel at $4.79 3/4.
10-34-0 Leads Fertilizer Prices Higher
All eight major fertilizer prices were higher for the third full week of April 2026 compared to a month earlier. Six fertilizers were again significantly more expensive, which DTN designates as anything 5% or more. In a bit of somewhat good news, only one fertilizer was double-digits higher.