TREND: The trend in December corn is down, in line with the seasonal tendency.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 265,501 contracts in corn as of Sept. 21, an increase of 6,867 contracts from the previous week, but still among the lowest positions in 11 months.
COMMERCIAL OUTLOOK: Commercial net shorts are also lighter but continue to favor the short side as of Sept. 21. The December contract is priced 7 1/2 cents below the March contract, a bearish indication of demand for new-crop corn.
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
PRICE PROBABILITY: The active futures contract stayed...
DTN's Grain Quick Takes
OMAHA (DTN) -- As we near this week's close, December corn is trading down 1 3/4 cents and November soybeans are up 1 1/4 cents. December KC wheat is down 1 cent, December Chicago wheat is up 6 1/2 cents and December Minneapolis wheat is up 2 1/4 cents.