TREND: The trend in most active corn futures is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 255,068 contracts as of Aug. 4, and were net-buyers of 748 contracts during the CFTC reporting period as traders continued to hold a bullish price outlook for late summer with conditions across the U.S. Corn Belt turning hot and dry through the second half of July.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 208,345 contracts as of Aug. 4, and were net-sellers of 4,414 contracts through the CFTC reporting period. The September 2026 contract is priced 23 cents lower than the December 2026 contract, steady through the week but still among the...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:47 -- December corn is up 1/2 cent per bushel, November soybeans are up 3 cents, September KC wheat is up 1/2 cent, September Chicago wheat is up 2 cents and September MIAX wheat is down 8 1/2 cents.