TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 244,912 contracts as of Aug. 11, and were net-sellers of 10,156 contracts during the CFTC reporting period as traders trimmed long positions just slightly ahead of the August WASDE report and likely driven by seasonal price tendencies as well.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 198,128 contracts as of Aug. 11, and were net-buyers of 10,217 contracts through the CFTC reporting period. The September 2026 contract is priced 24 1/4 cents lower than the December 2026 contract, weakening through the week to the highest degree of carry between the...
Commentary
Ethanol Gains Continue Friday
Ethanol futures posted strong late-week gains following renewed buyer interest through corn and energy markets.
Fertilizers Start August With Mixed Prices as 5 Nutrients Decline, Led by UAN32
Retail fertilizer prices are somewhat varied as the calendar changes over to August. Five of the eight major fertilizers are lower compared to last month with the remaining three nutrients slightly higher. DTN designates a significant move as anything 5% or more.