TREND: The trend in March corn remains up.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 407,492 contracts in corn as of Jan. 11, a decrease of 37,989 contracts from the previous week and down from its largest position in seven months.
COMMERCIAL OUTLOOK: Commercials continue to favor the short and mostly likely hedged side of the market as of January 11. The March contract is priced 3/4 cent below the May contract, a slightly bullish indication of demand for corn.
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
PRICE PROBABILITY: The active futures contract (Mar) eased to the 67th percentile, a...
DTN's Grain Quick Takes
OMAHA (DTN) --March corn is down 1 1/2 cents per bushel, March soybeans are up 32 1/2 cents, March KC wheat is down 2 1/4 cents, March Chicago wheat is down 6 1/4 cents and March Minneapolis wheat is up 3 3/4 cents.