TREND: The trend for September corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 107,968 contracts as of Aug. 5, a decrease of 25,499 contracts as speculators took profits on short positions built up through the summer thus far.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 147,872 contracts as of Aug. 5, a decrease of 16,025 contracts, week-over-week. The September 2025 contract is priced 22 3/4 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicating a comfortable level of old-crop supplies. DTN's National Cash Index indicated that corn basis faded 2 cents over the most recent week to 17...
Commentary
Ethanol and Corn Prices Tumble Lower Tuesday
Ethanol futures post active losses following a sharp turn lower in corn prices. Gasoline and crude oil markets posted moderate losses. September corn closed down 13 1/2 cents per bushel at $3.71 1/2 and December corn was down 13 1/4 cents at $3.94 1/2.
Fertilizer Prices Continue Mixed
Four of the eight major fertilizers were higher compared to last month. For the ninth week in a row, no fertilizers' price was considerably higher or lower. DTN designates a significant move as anything 5% or more.