TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 100,980 contracts as of July 7, and were net-buyers of 36,803 contracts during the CFTC reporting period as traders looked to build weather risk back into prices ahead of a hotter and drier mid-July forecast.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 67,654 contracts as of July 7, and were net-sellers of 32,775 contracts through the CFTC reporting period. The September 2026 contract is priced 21 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through their...
Commentary
Ethanol Futures Rally Friday
Ethanol futures trade sparked strong upward price support Friday, following additional and renewed buyer interest seen in corn prices. Despite pressure in gasoline markets, ethanol prices rallied.
Six Fertilizers Lead Retail Fertilizer Prices Lower for Third Consecutive Week
DTN tracked mostly lower retail fertilizer prices for the week of the last few days of June and first few days of July 2026, with urea leading four nutrients to significant declines. DTN designates a significant move as anything 5% or more.