TREND: The trend for March corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 14,656 contracts as of Dec. 16, a decrease of 52,874 contracts during the CFTC reporting period.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 9,604 contracts as of Dec. 16, the most recent CFTC data. The March 2026 contract is priced 8 1/4 cents lower than the May 2026 contract, slightly more carry through the week. DTN's National Corn Index implies a corn basis of 39 cents under the March board, a penny firmer through the week.
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
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DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:51 -- March corn is up 1/4 cent per bushel, March soybeans are down 15 cents, March KC wheat is down 6 3/4 cents, March Chicago wheat is down 4 1/2 cents and MIAX March Minneapolis wheat is down 0.0250 cents.