TREND: The trend in most active corn futures is considered sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 137,595 contracts as of Nov. 3, net-sellers of 63,677 contracts as traders reduced their net-length from early September by 75% as of the most recent CFTC report.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 137,516 contracts as of Nov. 3, and were net-buyers of 52,161 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/2 cents lower than the March 2027 contract, weakening (more carry) slightly through the week but in an overall strengthening trend since early August. National average corn basis firmed...
Commentary
Ethanol RINs Higher and Ethanol Cash Prices Lower Tuesday
Ethanol RINs were higher and ethanol cash prices were lower Tuesday. December corn closed up 9 3/4 cents per bushel at $4.49 1/4 and March closed up 9 1/4 cents at $4.61 1/2.
Retail Fertilizer Prices Mixed During First Week of November
Average retail fertilizer prices were mixed for the first week of November 2026. Prices for five nutrients were slightly higher compared to last month, while prices for the remaining three were slightly lower. No fertilizer had a significant price move, which DTN designates as anything 5% or more.