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DTN's Daily Basis Comments

DTN Daily Basis Comments

Friday Morning Basis Comments

Corn, hard red winter, spring wheat and soybean basis levels were stronger on Thursday, while soft red winter wheat basis was weaker.

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  • Closing Market Comment

  • Row Crops Finish The Week Strong, Set New Highs For New Crop

 
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MyDTN Premium Content Spotlight:

Market Strategies

CORN Strategies Snapshot

TREND: The trend for July corn is revised to higher for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 340,740 contracts as of April 28 and were net-buyers of 77,008 contracts during the CFTC reporting period as traders continued their bullish outlook given the high cost of fertilizer around the globe.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 282,129 contracts as of April 28 and were net-sellers of 73,884 contracts through the CFTC reporting period. The July 2026 contract is priced 4 1/4 cents lower than the September 2026 contract, narrowing (less carry) slightly through the week but still among the highest degree of carry between the two contracts...

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