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 15 3/4 cents lower than the March 2026 contract, a spread that narrowed over the week on ideas of lower U.S. corn yields and very strong nearby demand. DTN's National Corn Index implies a corn basis of 41 cents under the December board...
Commentary
AgHost Livestock Close
It was an incredible day for the cattle contracts as support rallied the contracts higher through the week's end despite the fact that the equity markets still closed lower. At the time of this writing, no Southern live cattle have traded, but Northern dressed cattle were being marked at $362, which is $2.00 higher than the previous week's weighted average.