TREND: The trend in most active corn futures is higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 542,384 contracts as of September 15, closing in on the all-time record of 547,677 contracts set in late January of 2021. Traders were net-sellers of 615 contracts as prices have been in a holding pattern ahead of the advancing U.S. harvest.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 476,845 contracts as of September 15 and were net-sellers of 6,240 contracts through the CFTC reporting period. The December 2026 contract is priced 14 cents lower than the March 2027 contract, a spread which has now firmed in six of the past seven weeks as crop size...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:43 -- December corn is down 2 3/4 cents per bushel, November soybeans are down 15 cents, December KC wheat is down 11 1/4 cents, December Chicago wheat is down 14 cents and December MIAX wheat is down 11 1/4 cents.