TREND: The trend for December corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 70,940 contracts as of August 26, a decrease of 34,270 contracts as speculators have turned to short covering amid a shift to drier weather through August for the southern and eastern Corn Belt.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 93,769 contracts as of August 26, a decrease of 30,186 contracts week over week. The December 2025 contract is priced 17 1/2 cents lower than the March 2026 contract, a spread that held even on the week but is indicative of overall comfortable supplies expected for new crop corn.
SEASONAL INDEX...
Commentary
AgHost Livestock Close
Livestock futures ended mixed Tuesday with limited late-day pressure developing in cattle futures, offsetting early-day gains. Narrow losses in spot month October live cattle futures pulled price levels below the $240 per cwt level seen during early trade activity and caused some traders to wonder if early September could see some additional softness across the cattle market.