TREND: The trend in most active corn futures is higher for now, but is close to being revised to sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 358,367 contracts as of Oct. 13, net-sellers of 94,106 contracts after the bearish October WASDE added over 400 mb to new-crop U.S. corn supplies compared to the September report.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 326,958 contracts as of Oct. 13, and were net-buyers of 83,994 contracts through the CFTC reporting period. The December 2026 contract is priced 12 1/4 cents lower than the March 2027 contract, firming (less carry) 2 1/4 cents through the week and to the narrowest weekly close for the...
DTN's Daily Basis Comments
Wednesday Morning Basis Comments
Corn, hard red winter wheat, spring wheat and soft red winter basis wheat was steady Tuesday, while soybean basis was stronger.