TREND: The trend in most active corn futures is higher for now.
NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 542,384 contracts as of September 15, closing in on the all-time record of 547,677 contracts set in late January of 2021. Traders were net-sellers of 615 contracts as prices have been in a holding pattern ahead of the advancing U.S. harvest.
COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 476,845 contracts as of September 15 and were net-sellers of 6,240 contracts through the CFTC reporting period. The December 2026 contract is priced 14 cents lower than the March 2027 contract, a spread which has now firmed in six of the past seven weeks as crop size...
DTN's Daily Basis Comments
Friday Morning Basis Comments
Soybean, corn, hard red winter wheat and spring wheat basis was steady Thursday, while soft red winter wheat basis was stronger.