TREND: The trend in December corn remains down.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held 148,534 net shorts in corn as of Aug. 27, a decrease of 16,762 contracts on a week that saw corn prices end modestly lower.
COMMERCIAL OUTLOOK: Commercials in corn decreased net longs to 175,015 as of Aug. 27 but are still willing to take the long side of these cheap prices. The December 2024 contract is priced 18 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 peak in...
DTN's Grain Quick Takes
OMAHA (DTN) --December corn is up 5 cents per bushel, November soybeans are up 8 1/2 cents per bushel. December KC wheat is up 5 cents per bushel, December Chicago wheat is up 3 1/4 cents per bushel and December Minneapolis wheat is up 9 cents.