TREND: The trend for March corn is sideways for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 53,192 contracts as of Dec. 30, a decrease of 11,680 contracts during the CFTC reporting period.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 26,351 contracts as of Dec. 30, the most recent CFTC data. The March 2026 contract is priced 7 3/4 cents lower than the May 2026 contract, slightly less carry through the week. DTN's National Corn Index implies a corn basis of 38 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) -- March corn is down 1/4 cent per bushel, March soybeans are down 5 3/4 cents, March KC wheat is up 1/4 cent, March Chicago wheat is up 1 1/4 cents and MIAX March Minneapolis wheat is up 0.0125 cents.