TREND: The trend in December corn is sideways.
NONCOMMERCIAL OUTLOOK: Noncommercial traders held 190,191 net-shorts in corn as of April 9, an increase of 8,855 contracts on the week as prices stayed in a narrow, sideways range.
COMMERCIAL OUTLOOK: Commercials in corn increased net longs to 195,882 as of April 9, still offering support at these lower prices. The December contract is priced 13 cents below the March 2025 contract, a bearish indication of commercial demand for new-crop corn. DTN's national corn basis has steadily improved since harvest and is a little above average for this time of year..
SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.
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DTN's Grain Quick Takes
OMAHA (DTN) --May corn is down 4 cents per bushel, May soybeans are down 14 1/2 cents per bushel. May KC wheat is down 6 1/2 cents per bushel, May Chicago wheat is down 5 1/2 cents per bushel and May Minneapolis wheat is down 6 1/4 cents.