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DTN's Grain Quick Takes

OMAHA (DTN) --May corn is up 3 3/4 cents per bushel, May soybeans are up 2 1/2 cents per bushel. May KC wheat is up 13 1/2 cents per bushel, May Chicago wheat is up 5 1/4 cents per bushel and May Minneapolis wheat is up 15 1/2 cents.

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Market Strategies

CORN Strategies Snapshot

TREND: The trend in December corn is down.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held 232,604 net-shorts in corn as of Feb. 27, a decrease of 33,463 contracts on the week, pulling back from the largest net short position on record.

COMMERCIAL OUTLOOK: Commercials in corn decreased net longs to 250,628 as of Feb. 27, lightening positions after prices hit a new low of $4.46. The December contract is priced 13 3/4 cents below the Mar 2025 contract, a bearish indication of commercial demand for new-crop corn. DTN's national corn basis is a little above average for this time of year, sending mixed signals of corn demand.

SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early...

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