TREND: The trend for December corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 52,455 contracts as of Sept. 2, a decrease of 18,485 contracts as speculators turned to short covering from August lows, especially as weather in the Eastern Belt has emerged as a challenge to finishing out the 2025 corn crop.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 87,814 contracts as of Sept. 2, a decrease of 5,955 contracts week over week. The December 2025 contract is priced 18 1/2 cents lower than the March 2026 contract, a spread that widened by a penny over the week and is indicative of overall comfortable supplies expected for new crop corn.
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DTN's Daily Basis Comments
Thursday Morning Basis Comments
Corn and spring wheat basis was stronger, while soybean, HRW wheat and soft red winter wheat basis was steady Wednesday.