TREND: The trend for May corn is revised to higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 257,781 contracts as of March 10 and were net-buyers of 167,722 contracts during the CFTC reporting period as prices rallied on sharply higher energy markets following the onset of the U.S.-Israel and Iran War.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 209,182 contracts as of March 10 and were net-sellers of 149,400 contracts through the CFTC reporting period. The May 2026 contract is priced 11 1/4 cents lower than the July 2026 contract, widening (more carry) through the week, and among the highest degree of carry between the two contracts through...
DTN's Grain Quick Takes
OMAHA (DTN) -- May corn is up 2 1/2 cents per bushel, May soybeans are down 9 cents, May KC wheat is up 14 1/2 cents, May Chicago wheat is up 12 1/2 cents and MIAX May Minneapolis wheat is up 12 1/4 cents.