TREND: The trend for December corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 92,353 contracts as of Oct. 7, an increase of 11,046 contracts during the CFTC reporting period as traders had sold ahead of the peak of U.S. corn harvest.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 117,716 contracts as of Oct. 7, the most recent CFTC data. The December 2025 contract is priced 12 cents lower than the March 2026 contract, a spread that narrowed over the week, tying the firmest close since April. DTN's National Corn Index implies a corn basis of 36 cents under the December board, about a penny firmer week over week and the firmest for the...
Commentary
DTN Ag Host Midday Livestock
The livestock contracts are trading fully higher at midday Wednesday as the hog complex is pleased to see a slight uptick in demand, and the cattle contracts are happy to have heard positive news from Agriculture Secretary Brooke Rollins in an interview she did on Tuesday.