TREND: The trend for July corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-short futures position of 81,059 contracts as of June 3, an increase of 60,726 contracts as solid crop conditions and friendly weather kept sellers active during the CFTC reporting period.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 104,725 contracts as of June 3, an increase of 52,161 contracts, week-over-week. The July 2025 contract is priced 8 1/2 cents higher than the September 2025 contract, a spread that weakened significantly over the past week. DTN's National Cash Index indicated that corn basis firmed over the most recent week to 23 cents under the July board, an improvement of 1 cent on the...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:44 -- July corn is down 7 1/4 cents per bushel, July soybeans are up 1 1/4 cents, July KC wheat is down 10 1/2 cents, July Chicago wheat is down 11 1/2 cents and July Minneapolis wheat is down 11 3/4 cents.