TREND: The trend for December corn is revised to sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,186 contracts as of September 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 September 23, the most recent CFTC report. The December 2025 contract is priced 12 1/2 cents lower than the March 2026 contract, another 1 1/4 cents firmer this week on thoughts of lower than expected U.S. yields and extremely strong nearby demand. DTN's National Corn Index implies a corn basis of 37 cents under the...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:54 -- December corn is down 3 1/2 cents per bushel, January soybeans are down 15 3/4 cents, December KC wheat is up 2 1/4 cents, December Chicago wheat is up 4 3/4 cents and MIAX December Minneapolis wheat is down 0.0250 cents.