TREND: The trend in most active corn futures is revised to higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 440,915 contracts as of Aug. 25, record length for late August. Traders were net-buyers of 138,773 contracts as bullish momentum picked up on lower U.S. yield forecasts as well as Black Sea grain supplies being cutoff by recent attacks against shipping infrastructure.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 374,608 contracts as of Aug. 25, and were net-sellers of 129,008 contracts through the CFTC reporting period. The December 2026 contract is priced 14 3/4 cents lower than the March 2027 contract, strengthening (less carry) through...
DTN's Grain Quick Takes
OMAHA (DTN) -- December corn is down 1 3/4 cents and November soybeans are down 2 1/4 cents. December KC wheat is down 7 1/2 cents, December Chicago wheat is down 7 3/4 cents, and December MIAX Minneapolis wheat is down 6 cents.