TREND: The trend for May corn is higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 334,757 contracts as of March 31, and were net-sellers of 40,603 contracts during the CFTC reporting period as traders took profits on long positions ahead of what was expected (and proved) to be a record large corn stocks estimate in the March 31 report.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 273,643 contracts as of March 31, and were net-buyers of 40,579 contracts through the CFTC reporting period. The May 2026 contract is priced 11 cents lower than the July 2026 contract, narrowing (less carry) slightly through the week, but still among the highest degree...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:49 -- May corn is down 2 3/4 cents per bushel, May soybeans are up 3 cents, May KC wheat is down 12 3/4 cents, May Chicago wheat is down 17 1/4 cents and MIAX May Minneapolis wheat is down 16 1/2 cents.