TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 131,463 contracts as of July 14, and were net-buyers of 30,483 contracts during the CFTC reporting period as traders returned to buying with conditions across the U.S. Corn Belt turning hot and dry through mid-July.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 94,976 contracts as of July 14, and were net-sellers of 27,322 contracts through the CFTC reporting period. The September 2026 contract is priced 22 1/2 cents lower than the December 2026 contract, falling through the week to the highest degree of carry between the two contracts through...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:44 -- December corn is up 3 cents per bushel, November soybeans are up 7 3/4 cents, September KC wheat is up 12 cents, September Chicago wheat is up 5 1/2 cents and September Minneapolis wheat is up 5 3/4.