TREND: The trend in December corn is sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 279,288 contracts in corn as of Oct. 12, a decrease of 17,717 contracts from the previous week.
COMMERCIAL OUTLOOK: Commercial net shorts continue to favor the short side as of Oct. 12. The December contract is priced 8 1/2 cents below the March contract, a 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 back to the 51st percentile, a neutral location in relation to the five-year range and still above the old...