TREND: The trend for July corn is sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-short futures position of 11,552 contracts as of May 20, a switch from the previous net-long position of 18,106 contracts the prior week. Noncommercial traders were net-sellers of 29,658 contracts of corn during the most recent CFTC reporting period.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 39,014 contracts as of May 20, an increase of 25,863 contracts week over week. The July 2025 contract is priced 22 cents higher than the September 2025 contract, a spread that firmed slightly over the past week. DTN's National Corn Basis firmed as well over the most recent week to 25 cents under the July board...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:47 -- July corn is down 3 1/4 cents per bushel, July soybeans are down 7 cents, July KC wheat is down 2 cents, July Chicago wheat is down 2 1/4 cents and MIAX July Minneapolis wheat is up 7 cents.