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DTN's Grain Quick Takes

OMAHA (DTN) -- Posted 12:49 -- July corn is down 4 3/4 cents per bushel, July soybeans are down 1/2 cent, July KC wheat is down 10 1/2 cents, July Chicago wheat is down 7 1/4 cents and July Minneapolis wheat is down 5 1/2 cents.

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  • Closing Market Comment

  • Corn Leaks Lower Again, Wheat Resumes the Downtrend

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Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is sideways.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 115,899 contracts of corn as of May 6, a decrease of 59,530 contracts week-over-week as traders continue to sell out of corn futures positions.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 75,297 contracts as of May 6, a decrease of 53,357 contracts week-over-week. The July 2025 contract is priced 20 3/4 cents higher than the September 2025 contract, a spread that weakened significantly over the past week. DTN's National Corn Basis continued to climb over the past week to 28 cents under the July board, an improvement of 2 cents week over week.

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