TREND: The trend for July corn is sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 175,429 contracts of corn as of April 29, a decrease of 44,414 contracts week-over-week as traders have returned to liquidating long positions over the past two weeks.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 128,654 contracts as of April 29, a decrease of 32,825 contracts week-over-week. The July 2025 contract is priced 29 1/4 cents higher than the September 2025 contract, a spread that weakened over the past week. DTN's National Corn Basis continued to climb over the past week to 30 cents under the July board, an improvement of 3 cents week-over-week.
...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 08:31 -- July corn is up 3 1/4 cents per bushel, July soybeans are up 4 cents, July KC wheat is up 13 cents, July Chicago wheat is up 13 1/2 cents and July Minneapolis wheat is up 10 1/2 cents.