TREND: The trend for September corn is down.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-short futures position of 133,467 contracts as of July 29, a decrease of 416 contracts as traders held positions steady following a selloff back towards chart support at mid-July lows.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-long position of 163,897 contracts as of July 29, a decrease of 1,626 contracts week over week. The September 2025 contract is priced 21 1/4 cents lower than the December 2025 contract, a spread that widened again through the most recent week, indicative of comfortable old crop supplies to bridge the gap the new crop harvest. DTN's National Cash Index indicated that corn basis held...
DTN's Daily Basis Comments
Friday Morning Basis Comments
Soybean and hard red winter wheat basis was weaker, while corn and spring wheat basis was steady Thursday and soft red winter wheat basis was stronger.