TREND: The trend for May corn is revised to sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 290,819 contracts as of April 7, and were net-sellers of 43,938 contracts during the CFTC reporting period as traders have been active securing profits after building their largest length in corn futures in over a year by late March.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 232,969 contracts as of April 7, and were net-buyers of 40,674 contracts through the CFTC reporting period. The May 2026 contract is priced 10 cents lower than the July 2026 contract, narrowing (less carry) slightly through the week, but still among the highest degree of carry...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:41 -- May corn is down 1 3/4 cents per bushel, May soybeans are up 12 1/2 cents, May KC wheat is up 3 cents, May Chicago wheat is down 1 1/4 cents and MIAX May Minneapolis wheat is down 6 1/4 cents.