TREND: The trend for May corn is revised to higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 375,360 contracts as of March 24, and were net-buyers of 63,018 contracts during the CFTC reporting period as prices rallied on bullish influence from energy markets due to the ongoing war in the Middle East.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 314,222 contracts as of March 24, and were net-sellers of 58,599 contracts through the CFTC reporting period. The May 2026 contract is priced 11 3/4 cents lower than the July 2026 contract, widening (more carry) through the week, and still among the highest degree of carry between the two contracts...
DTN's Grain Quick Takes
OMAHA (DTN) -- May corn is up 1/2 cent per bushel, May soybeans are down 1/4 cent, May KC wheat is up 7 1/2 cents, May Chicago wheat is up 2 3/4 cents and MIAX May Minneapolis wheat is up 5 cents. The Dow Jones Industrial Average is down 174.03 points.