TREND: The trend for March corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net short futures position of 7,835 contracts as of Feb. 17 and were net-buyers of 10,495 contracts during the CFTC reporting period, as prices have rallied off lows set following the bearish January WASDE report.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 25,990 contracts as of Feb. 17 and were net-sellers of 11,348 contracts through the CFTC reporting period. The March 2026 contract is priced 12 cents lower than the May 2026 contract, moving wider (more carry) through the week, to the highest degree of carry through the life of the contracts. National average corn basis was steady...
Commentary
Ethanol RINS Mixed, Ethanol Cash Prices Higher Friday
Ethanol RINS were mixed, and ethanol cash prices were higher Friday. March corn closed up 1 3/4 cents at $4.27 1/2, and May corn was up 3 1/2 cents at $4.39 3/4.
All Eight Major Fertilizers See Prices Move Higher Compared to Last Month
Retail fertilizer prices for the second week of February 2026 were higher compared to last month. Only one nutrient, urea, was higher a considerable amount, which DTN designates as anything 5% or more.