TREND: The trend in December corn is sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held 47,760 net-shorts in corn as of September 10, another big decrease of 42,723 contracts on a week that saw corn prices trade lower.
COMMERCIAL OUTLOOK: Commercials in corn decreased net longs to 92,844 as of September 10, maintaining a bullish response to corn's cheap prices. The December 2024 contract is priced 17 3/4 cents below the March 2025 contract, a bearish indication of commercial demand for new-crop corn. DTN's national corn basis has eased lately and is tied for the 6th strongest in 10 years for this time of year, a neutral-to-bearish indication of demand.
SEASONAL INDEX: Corn prices tend to...
DTN's Grain Quick Takes
OMAHA (DTN) --December corn is down 7 1/4 cents per bushel, November soybeans are down 1/4 cent per bushel. December KC wheat is down 13 3/4 cents per bushel, December Chicago wheat is down 11 cents per bushel and December Minneapolis wheat is down 9 1/4 cents.