TREND: The trend for March corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 31,671 contracts as of Jan. 27 and were net-buyers of 20,033 contracts during the CFTC reporting period on strong world demand for U.S. corn and falling crop conditions in Argentina through January.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 52,691 contracts as of Jan. 27 and were net-sellers of 15,353 contracts through the CFTC reporting period. The March 2026 contract is priced 7 3/4 cents lower than the May 2026 contract, steady through the week. National average corn basis firmed a penny through the week to 34 cents under the March board.
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DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:49 -- March corn is up 4 1/2 cents per bushel, March soybeans are up 19 3/4 cents, March KC wheat is up 7 1/2 cents, March Chicago wheat is up 8 1/2 cents and MIAX March Minneapolis wheat is up 21/4 cents.