TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 58,333 contracts as of June 23, and were net-sellers of 19,511 contracts during the CFTC reporting period as traders continued to liquidate length amid a good start to the U.S. growing season as well as weakening energy influence with an interim peace plan in effect in the Middle East.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 16,495 contracts as of June 23, and were net-buyers of 15,976 contracts through the CFTC reporting period. The July 2026 contract is priced 8 3/4 cents lower than the September 2026 contract, still among the highest degree of...
Commentary
Ethanol RINs Not Quoted, Ethanol Cash Prices Mixed Thursday
Ethanol RINs were not quoted and ethanol cash prices were mixed Thursday. July corn closed up 7 3/4 cents per bushel at $4.14 3/4 and September closed up 8 1/2 cents at $4.24 1/4.
Urea, UAN32 Leads Majority of Fertilizers' Prices Lower
Retail fertilizer prices were mostly lower for the second week in a row, according to retail fertilizer prices tracked by DTN for the third week of June 2026. Leading the fertilizers lower were urea and UAN32. Urea was 12% less expensive with an average price of $731/ton while UAN32 was 7% lower compared to last month and had an average price of $544/ton.