TREND: The trend for December corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,186 contracts as of Sept. 23, an increase of 15,017 contracts during the CFTC reporting period as traders turned to selling amid technical pressure in the corn market.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 79,646 contracts as of Sept. 23, the most recent CFTC report. The December 2025 contract is priced 13 3/4 cents lower than the March 2026 contract, a spread that narrowed over the week. DTN's National Corn Index implies a corn basis of 37 cents under the December board, about a penny firmer week over week, but more or less sideways through the...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:48 -- December corn is down 10 cents per bushel, January soybeans are down 19 cents, December KC wheat is down 10 1/2 cents, December Chicago wheat is down 9 cents and MIAX December Minneapolis wheat is down 0.0450 cents.