TREND: The trend for December corn is revised to sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 51,186 contracts as of September 23, an increase of 15,017 contracts during the CFTC reporting period as traders turned to selling amid technical pressure in the corn market.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 79,646 contracts as of September 23, the most recent CFTC report. The December 2025 contract is priced 13 3/4 cents lower than the March 2026 contract, steady over the week but among the narrowest the spread has been since spring of 2025. DTN's National Corn Index implies a corn basis of 39 cents under the December board, firming 2 cents...
DTN's Daily Basis Comments
Monday Morning Basis Comments
Corn, soybean and HRW wheat basis was steady, while spring wheat and SRW wheat basis was weaker Friday.