TREND: The trend for September corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 133,174 contracts as of Aug. 12, an increase of 25,206 contracts as speculators added to their bearish outlook.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 15,179 contracts as of Aug. 12, an increase of 7,154 contracts week over week. The September 2025 contract is priced 21 1/2 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicating a comfortable level of old crop supplies. DTN's National Cash Index indicated that corn basis faded 2 cents over the most recent week to 17 cents under the September board.
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DTN's Grain Quick Takes
OMAHA (DTN) --Posted 19:13 -- December corn is down 2 1/4 cents per bushel, November soybeans are down 6 1/2 cents, September KC wheat is down 3 3/4 cents, September Chicago wheat is down 1 3/4 cents and MIAX December Minneapolis wheat is down 0.0125 cents.The Dow Jones Industrial Average is up 34.86 points.