TREND: The trend in most active corn futures is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 302,142 contracts as of August 18, and were net-buyers of 57,230 contracts during the CFTC reporting period as traders returned as avid buyers amid lower yield ideas following the August WASDE and mid-August Midwest crop tours.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 245,600 contracts as of August 18, and were net-sellers of 47,472 contracts through the CFTC reporting period. The September 2026 contract is priced 24 3/4 cents lower than the December 2026 contract, weakening through the week to the highest degree of carry between...