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DTN's Daily Basis Comments

DTN Daily Basis Comments

Corn and Soybean Basis Weaker

Corn and soybean basis was weaker, while soft red winter wheat basis was stronger and spring wheat and hard red winter wheat basis was steady Monday.

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  • Midday Hot Sheet

  • Grains Mixed Monday

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Market Strategies

CORN Strategies Snapshot

TREND: The trend in December corn is down, in line with the seasonal tendency.

NONCOMMERCIAL OUTLOOK: Noncommercial traders held a net-long futures position of 258,634 contracts in corn as of Sept. 14, a decrease of 9,143 contracts from the previous week. The liquidation trend continues as we near harvest.

COMMERCIAL OUTLOOK: Commercial net shorts continue to favor the short side as of Sept. 14. The December contract is priced 6 3/4 cents below the March contract, a bearish indication of demand for new-crop corn.

SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.

PRICE PROBABILITY: The active futures contract increased to the 51st...

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