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...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 19:09 on 6/28 -- July corn is down 3 3/4 cents, and July soybeans are down 6 1/2 cents. July KC wheat is unchanged, July Chicago wheat is down 2 1/4 cents, and July MIAX Minneapolis wheat is up 3/4 cents.