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DTN's Grain Quick Takes

OMAHA (DTN) -- Posted 12:46 -- March corn is down 5 3/4 cents per bushel, March soybeans are up 2 3/4 cents, March KC wheat is down 8 cents, March Chicago wheat is down 7 1/2 cents and MIAX March Minneapolis wheat is down 2 1/2 cents.

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  • Closing Market Comment

  • Sellers Are Active To Close Week, Sending Grains Lower, Soybeans Off Highs

 
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MyDTN Premium Content Spotlight:

Market Strategies

CORN Strategies Snapshot

TREND: The trend for March corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 34,698 contracts as of Feb. 3, and were net-sellers of 3,027 contracts during the CFTC reporting period after prices hit technical resistance the previous week.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 52,916 contracts as of Feb. 3, and were net-buyers of 225 contracts through the CFTC reporting period. The March 2026 contract is priced 8 1/2 cents lower than the May 2026 contract, slightly wider (more carry) through the week. National average corn basis firmed 2 cents through the week to 32 cents under the March board.

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