TREND: The trend for July corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 95,494 contracts as of June 10, an increase of 14,435 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 114,551 contracts as of June 10, an increase of 9,826 contracts, week-over-week. The July 2025 contract is priced 16 cents higher than the September 2025 contract, a spread that strengthened significantly over the past week. DTN's National Cash Index indicated that corn basis firmed over the most recent week to 22 cents under the July board, an improvement of 1 cent on the...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:54 -- July corn is up 4 1/2 cents per bushel, July soybeans are up 24 1/2 cents, July KC wheat is up 16 1/4 cents, July Chicago wheat is up 16 1/4 cents and July Minneapolis wheat is up 11 3/4 cents.