Corn

Neutral

agriculture · Last COT: 2026-06-09

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Price

412.75

+1.00 (+0.2%)

52-wk Range

33%

382.75 — 469.75

Managed Money Net

-1,306

WoW: -121,442 (-101.1%)

Producer Net

-398,197

WoW: +58,487 (+12.8%)

Swap Dealer Net

+345,075

WoW: -215 (-0.1%)

CIT Net

+356,863

WoW: -35,770 (-9.1%)

52-wk Percentile

65.4%

Based on 52 observations

105-wk Percentile

57.1%

Based on 105 observations

Z-Score

0.02

Crowd Risk

Neutral

Seasonal Ret

+0.27%

Week 24 · 21y avg

Seasonal Win%

42.9%

21 years of data

Seasonal Bias

Neutral

Swap Net: LongNeutralMM Long Concentration: 49.9%

Price Context

Price is mid-range (33%) with neutral positioning (57th percentile) — no strong signal from the price-COT relationship.

Report Date Price

411.75

-12.75 (-3.00%) WoW

52-Week Range

382.75

469.75

33%

Divergence

No Divergence

Seasonality

Current Week (24)

➖ Neutral

Avg Return

+0.27%

Win Rate

42.9%(21y)

3 Strongest Weeks

Week 50+2.70% (65%)

Week 51+2.41% (85%)

Week 53+2.40% (67%)

3 Weakest Weeks

Week 29-4.05% (20%)

Week 25-3.29% (25%)

Week 28-1.68% (50%)

Planting season (Apr–May) and pollination (Jul) are key uncertainty windows that tend to support prices. Post-harvest pressure (Oct–Nov) typically weighs on corn.

Macro Context

Supportive

COT × Macro Alignment: COT positioning is mid-range (57th percentile) while macro is Supportive.

DXY (USD Index)

99.75-0.11 (-0.1%)↓

A weaker dollar makes US agricultural exports more competitive globally, supporting grain and soft commodity prices.

USD/BRL

5.06-0.05 (-1.0%)↓

A stronger Brazilian real makes Brazilian exports (sugar, coffee, soybeans) more expensive, supporting global prices. A weaker real is bearish.

Soybean/Corn Ratio

2.70-0.01 (-0.4%)↓

A high soybean/corn ratio incentivizes farmers to plant more soybeans and less corn, affecting future supply dynamics for both crops.

VIX

17.68-1.76 (-9.1%)↓

Elevated market volatility can disrupt trade flows and financing, creating uncertainty for agricultural commodity prices.

Disaggregated Signals

MM Spread Ratio

14.3%

Normal

Producer 52-wk %ile

26.9%

Obs: 52

Producer 105-wk %ile

30.5%

Obs: 105

Conviction & Spread Analysis

Conviction:HighSpread percentile: 46.7%WoW: -10,438 (-3.7%)

Change Decomposition

Latest: Shorts Added

Retail vs Smart Money

Retail Z-Score: -0.46

Concentration Risk

Avg Contracts / Long Trader

3,470

Avg Contracts / Short Trader

4,356

Long/Short Concentration Ratio

0.80

Long Conc. 105-wk %ile

62.9%

Concentration Ratio — Last 52 Weeks

Dual Normalization (Z-Score vs % OI)

Neutral

Raw Z-Score

0.02

Recent-cycle context

Raw Net Percentile

57.1%

105-wk rolling

Long % OI Percentile

61.0%

Cross-cycle view

Short % OI Percentile

44.8%

Cross-cycle view

Last 52 Weeks

Date	MM Net	Producer Net	Swap Net	CIT Net	Open Interest	52-wk %ile	105-wk %ile	Z-Score	WoW Chg
2026-06-09	-1,306	-398,197	+345,075	+356,863	1,911,454	65.4%	57.1%	0.02	-121,442 (-101.1%)
2026-06-02	+120,136	-456,684	+345,290	+392,633	1,874,936	76.9%	71.4%	0.67	-91,201 (-43.2%)
2026-05-26	+211,337	-578,814	+347,295	+432,607	1,864,218	86.5%	84.8%	1.17	-82,005 (-28.0%)
2026-05-19	+293,342	-641,760	+353,135	+439,572	1,883,612	96.2%	92.4%	1.64	-2,278 (-0.8%)
2026-05-12	+295,620	-600,639	+340,683	+438,938	1,892,694	98.1%	93.3%	1.69	-49,021 (-14.2%)
2026-05-05	+344,641	-704,053	+335,205	+441,838	1,911,273	100.0%	98.1%	2.00	+79,069 (+29.8%)
2026-04-28	+265,572	-595,077	+312,948	+400,925	1,802,419	98.1%	92.4%	1.62	+83,359 (+45.7%)
2026-04-21	+182,213	-511,008	+302,763	+367,430	1,831,968	90.4%	85.7%	1.19	+29,595 (+19.4%)
2026-04-14	+152,618	-495,632	+293,445	+348,061	1,834,153	90.4%	82.9%	1.04	-58,358 (-27.7%)
2026-04-07	+210,976	-529,490	+296,521	+382,540	1,816,790	94.2%	88.6%	1.39	-46,976 (-18.2%)
2026-03-31	+257,952	-572,360	+298,717	+387,863	1,826,697	98.1%	92.4%	1.68	-21,678 (-7.8%)
2026-03-24	+279,630	-613,518	+299,296	+396,426	1,796,424	100.0%	93.3%	1.84	+48,742 (+21.1%)
2026-03-17	+230,888	-563,874	+308,251	+396,610	1,773,499	100.0%	92.4%	1.61	+32,084 (+16.1%)
2026-03-10	+198,804	-514,056	+304,874	+384,907	1,723,308	100.0%	90.5%	1.47	+146,561 (+280.5%)
2026-03-03	+52,243	-365,054	+305,272	+340,431	1,617,461	82.7%	76.2%	0.65	+65,477 (+494.8%)
2026-02-24	-13,234	-286,685	+299,140	+323,924	1,656,135	67.3%	68.6%	0.30	+29,079 (+68.7%)
2026-02-17	-42,313	-245,821	+271,811	+321,113	1,779,922	63.5%	65.7%	0.14	+15,180 (+26.4%)
2026-02-10	-57,493	-239,098	+276,436	+323,074	1,736,012	59.6%	64.8%	0.07	+23,120 (+28.7%)
2026-02-03	-80,613	-207,268	+260,184	+311,008	1,740,882	53.8%	61.0%	-0.05	+983 (+1.2%)
2026-01-27	-81,596	-202,984	+255,675	+298,286	1,707,454	50.0%	60.0%	-0.04	+14,271 (+14.9%)
2026-01-20	-95,867	-184,466	+252,510	+310,002	1,667,786	38.5%	53.3%	-0.11	-5,209 (-5.7%)
2026-01-13	-90,658	-198,776	+247,699	+316,765	1,613,386	42.3%	57.1%	-0.07	-77,828 (-606.6%)
2026-01-06	-12,830	-277,791	+235,938	+296,507	1,537,728	55.8%	69.5%	0.36	+9,918 (+43.6%)
2025-12-30	-22,748	-259,742	+233,391	+298,008	1,543,015	53.8%	69.5%	0.31	-24,540 (-1369.4%)
2025-12-23	+1,792	-279,914	+238,914	+306,637	1,516,552	55.8%	71.4%	0.45	+55,158 (+103.4%)
2025-12-16	-53,366	-233,812	+243,416	+322,794	1,522,658	51.9%	68.6%	0.16	-72,102 (-384.8%)
2025-12-09	+18,736	-292,813	+248,562	+329,442	1,473,739	53.8%	73.3%	0.56	-13,599 (-42.1%)
2025-12-02	+32,335	-308,333	+249,482	+330,251	1,459,743	55.8%	75.2%	0.65	+39,136 (+575.4%)
2025-11-25	-6,801	-272,910	+241,837	+327,491	1,488,652	51.9%	73.3%	0.44	-55,589 (-113.9%)
2025-11-18	+48,788	-327,680	+242,718	+316,060	1,616,139	53.8%	76.2%	0.76	+115,029 (+173.7%)
2025-11-04	-66,241	-218,600	+235,333	+300,216	1,616,914	48.1%	70.5%	0.14	+16,684 (+20.1%)
2025-10-28	-82,925	-194,301	+227,636	+274,637	1,637,907	44.2%	68.6%	0.05	+76,347 (+47.9%)
2025-10-21	-159,272	-121,632	+222,277	+260,124	1,644,250	11.5%	41.9%	-0.36	+28,720 (+15.3%)
2025-10-14	-187,992	-80,427	+220,919	+260,849	1,655,731	3.8%	34.3%	-0.52	-53,380 (-39.7%)
2025-10-07	-134,612	-109,757	+227,473	+258,273	1,596,361	21.2%	52.4%	-0.23	-5,255 (-4.1%)
2025-09-30	-129,357	-118,721	+223,424	+269,696	1,550,059	23.1%	55.2%	-0.20	-32,034 (-32.9%)
2025-09-23	-97,323	-148,786	+228,432	+286,042	1,543,065	30.8%	63.8%	-0.03	-15,826 (-19.4%)
2025-09-16	-81,497	-156,836	+225,209	+299,621	1,529,796	40.4%	69.5%	0.06	+18,096 (+18.2%)
2025-09-09	-99,593	-136,786	+222,776	+309,589	1,477,847	32.7%	63.8%	-0.03	-4,396 (-4.6%)
2025-09-02	-95,197	-130,951	+218,765	+307,183	1,454,514	36.5%	66.7%	-0.01	+15,738 (+14.2%)
2025-08-26	-110,935	-116,427	+210,196	+294,550	1,456,701	32.7%	60.0%	-0.10	+3,702 (+3.2%)
2025-08-19	-114,637	-78,729	+202,684	+268,702	1,566,367	32.7%	60.0%	-0.12	+27,702 (+19.5%)
2025-08-12	-142,339	-51,163	+206,342	+262,045	1,549,876	26.9%	52.4%	-0.27	-6,493 (-4.8%)
2025-08-05	-135,846	-57,783	+205,655	+266,572	1,617,501	30.8%	54.3%	-0.24	+15,098 (+10.0%)
2025-07-29	-150,944	-53,366	+217,263	+274,903	1,575,283	21.2%	44.8%	-0.33	-181 (-0.1%)
2025-07-22	-150,763	-49,016	+214,539	+275,077	1,493,670	23.1%	44.8%	-0.34	+8,281 (+5.2%)
2025-07-15	-159,044	-63,188	+220,455	+276,126	1,470,395	23.1%	41.9%	-0.39	+20,243 (+11.3%)
2025-07-08	-179,287	-61,770	+227,434	+282,156	1,498,964	19.2%	35.2%	-0.50	+10,253 (+5.4%)
2025-07-01	-189,540	-60,972	+235,232	+284,262	1,498,667	17.3%	32.4%	-0.57	-14,144 (-8.1%)
2025-06-24	-175,396	-98,316	+241,844	+283,594	1,534,968	21.2%	35.2%	-0.51	-6,324 (-3.7%)
2025-06-17	-169,072	-118,524	+247,441	+292,865	1,592,477	23.1%	37.1%	-0.48	-18,929 (-12.6%)
2025-06-10	-150,143	-129,417	+243,968	+293,899	1,614,274	25.0%	40.0%	-0.39	-16,164 (-12.1%)

Who Is Holding

Weekly holder positioning stacked by net size in contracts

Each holder is merged to a net position, then stacked from the largest holder at the bottom to the smallest at the top.

Producer / MerchantSwap DealersOther ReportablesNonreportableManaged Money