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DTN's Grain Quick Takes

OMAHA (DTN) --March corn is up 1/4 cent per bushel, January soybeans are up 3 1/2 cents per bushel. March KC wheat is up 3 cents per bushel, March Chicago wheat is up 3 3/4 cents per bushel and March Minneapolis wheat is up 1 1/2 cents.

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  • Closing Market Comment

  • Grain and Soy Firm Early, Weaken Late

 
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Market Strategies

CORN Strategies Snapshot

TREND: The trend for December corn is up.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held 137,228 contracts net-long in corn as of Dec. 3, an increase of 359 contracts on a week that saw corn prices trade marginally higher.

COMMERCIAL OUTLOOK: Commercials in corn held a net short of 101,968 contracts as of Dec. 3, an increase of 5,648 contracts week over week as commercials likely bought corn in the cash market on slightly higher prices. The March 2025 contract is priced 5 1/4 cents below the May 2025 contract, a spread that continues to contract indicating corn demand has become very front loaded in the marketing year. National corn basis continues to firm on strong domestic demand. Historically the 2024 basis still remains in...

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