TREND: The trend in most active corn futures is considered sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 201,272 contracts as of Oct. 27, net-sellers of 85,417 contracts as traders continue to rush to secure what profits remain on what was once a historically bullish position.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 189,677 contracts as of Oct. 27 and were net-buyers of 71,403 contracts through the CFTC reporting period. The December 2026 contract is priced 13 1/4 cents lower than the March 2027 contract, firming (less carry) slightly through the week and in a strengthening trend since early August. National average corn basis firmed...
DTN's Grain Quick Takes
OMAHA (DTN) -- December corn is up 1 1/4 cents and November soybeans are down 1 1/2 cents. December KC wheat is up 1 1/2 cents, December Chicago wheat is up 1 1/4 cents, and December MIAX Minneapolis wheat is up 1 1/4 cents.