TREND: The trend for December corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 70,940 contracts as of August 26, a decrease of 34,270 contracts as speculators have turned to short covering amid a shift to drier weather through August for the southern and eastern Corn Belt.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 93,769 contracts as of August 26, a decrease of 30,186 contracts week over week. The December 2025 contract is priced 17 1/2 cents lower than the March 2026 contract, a spread that held even on the week but is indicative of overall comfortable supplies expected for new crop corn.
SEASONAL INDEX...
DTN's Daily Basis Comments
Thursday Morning Basis Comments
Soybean and soft red winter wheat basis was weaker, while HRW wheat basis was stronger and corn and spring wheat basis was steady, Wednesday.