TREND: The trend for December corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 105,210 contracts as of Aug. 19, a decrease of 27,964 contracts as speculators reduced their bearish bet.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 123,955 contracts as of Aug. 19, a decrease of 31,224 contracts week over week. The December 2025 contract is priced 17 1/2 cents lower than the March 2026 contract, indicating a comfortable level of old crop supplies.
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
PRICE PROBABILITY: The front month (December) corn futures...
Commentary
AgHost Livestock Close
What a day it was for the livestock complex as all three of the markets closed higher, but the biggest takeaway from Friday's end was the positive trade in the fed cash cattle market. Southern live cattle traded at mostly $240, which is $5.00 higher than last week's weighted average and Northern dressed cattle traded at $385, which is $2.00 higher than last week's weighted average.