TREND: The trend for September corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 133,467 contracts as of July 29, a decrease of 416 contracts as traders held positions steady following a selloff back towards chart support at mid-July lows.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 163,897 contracts as of July 29, a decrease of 1,626 contracts week over week. The September 2025 contract is priced 21 1/4 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicative of comfortable old crop supplies to bridge the gap the new crop harvest. DTN's National Cash Index indicated that corn basis held...
DTN's Grain Quick Takes
OMAHA (DTN) -- Posted 12:44 -- December corn is down 1 3/4 cents per bushel, November soybeans are up 3 1/4 cents, September KC wheat is down 6 cents, September Chicago wheat is down 4 1/4 cents and MIAX September Minneapolis wheat is down 0.0575 cents.