TREND: The trend in December corn is up.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 399,186 contracts in corn as of Nov. 16, an increase of 23,888 contracts from the previous week, the largest position in five months.
COMMERCIAL OUTLOOK: Commercial net shorts continue to favor the short side as of Nov. 16. The March contract is priced 4 1/4 cents below the May contract, a neutral to bearish indication of demand for new-crop corn.
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
PRICE PROBABILITY: The active futures contract eased to the 61st percentile, a roughly neutral location in relation to the...
Commentary
Corn Higher; Crude Oil Sharply Lower
December corn closed up 7 cents at $5.86 3/4 on Friday and March corn was up 6 1/4 cents at $5.91 3/4.
Nitrogen Fertilizers Prices Continue Climb, UAN32 up 32%
Seven of the eight fertilizers tracked by DTN recorded considerable moves higher compared to last month, led by UAN32.