TREND: The trend for July corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 77,844 contracts as of June 16, and were net-sellers of 25,715 contracts during the CFTC reporting period as traders rapidly moved to secure profits on long positions amid a good start to the U.S. growing season in terms of weather, and weak outside energy influence amid a tentative peace agreement between the U.S. and Iran.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 32,471 contracts as of June 16, and were net-buyers of 20,651 contracts through the CFTC reporting period. The July 2026 contract is priced 8 cents lower than the September 2026 contract, still...
Commentary
Ethanol RINs Lower, Ethanol Cash Prices Mixed Monday
Ethanol RINs were lower and ethanol cash prices were mixed Monday. July corn closed down 6 cents per bushel at $4.11 1/2 and September closed down 5 1/2 cents at $4.19 3/4.
Most Fertilizers Lower for First Time Since First Week of February 2026
Average retail fertilizer prices are mostly lower for the first time since the first week of February 2026. Five fertilizers are lower in price while prices for the remaining three fertilizers were slightly higher compared to last month. Only two fertilizers had a significant move, which DTN designates as anything 5% or more.