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...