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 201,272 contracts as of Oct. 27, net-sellers of 85,417 contracts as traders continue to rush to secure what profits remain on what was once a historically bullish position.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 189,677 contracts as of Oct. 27 and were net-buyers of 71,403 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/4 cents lower than the March 2027 contract, firming (less carry) slightly through the week and in a strengthening trend since early August. National average corn basis firmed...
Commentary
Ethanol RINs Mixed and Ethanol Cash Prices Lower Friday
Ethanol RINs were mixed and ethanol cash prices were lower Friday. December corn closed down 3 1/2 cents per bushel at $4.47 3/4 and March closed down 3 3/4 cents at $4.61.
Fertilizer Prices Continue to Climb: UAN28 Posts 6% Increase in Latest DTN Survey
Seven of the eight major fertilizers were more expensive than a month ago, with UAN28 posting the only significant increase at 6% higher. DTN considers a move of 5% or more to be significant.