TREND: The trend for March corn is up.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held 224,423 contracts net long in corn as of December 10th, an increase of 87,195 contracts on a week that saw corn prices trade higher.
COMMERCIAL OUTLOOK: Commercials in corn held a net short of 183,482 contracts as of December 10th, an increase of 81,514 contracts week over week as commercial traders were likely able to get some corn bought in the cash market due to higher prices. The March 2025 contract is priced 7 1/4 cents below the May 2025 contract, this spread has weakened in the past week but remains overall tight. National corn basis has slipped slightly in the past week as commercials have likely obtained comfortable short-term...
DTN's Daily Basis Comments
Soybean, Corn Basis Steady
Corn, soybean and soft red winter wheat basis was steady, while hard red winter wheat and spring wheat basis was stronger Friday.