TREND: The trend in most active corn futures is revised to sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 286,689 contracts as of Oct.20, net-sellers of 71,678 contracts as traders rushed to secure profits following the recent bearish USDA updates and advancement of U.S. harvest.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 261,080 contracts as of Oct. 20, and were net-buyers of 65,878 contracts through the CFTC reporting period. The December 2026 contract is priced 14 cents lower than the March 2027 contract, fading (adding carry) 2 1/4 cents through the week as traders appear uncertain of where national corn productivity will land in...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:44 -- December corn is down 3 3/4 cents per bushel, November soybeans are up 3 3/4 cents, December KC wheat is steady, December Chicago wheat is up 1 cent and December MIAX wheat is down 1 1/2 cents.