DTN Feed Corn Six Factors
01/05/2026 | 3:13 pm CST

DTN Feed Corn Six Factors

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TREND: The trend for March corn is sideways for now.

NONCOMMERCIAL OUTLOOK: Noncommercial corn traders held a net-long futures position of 53,192 contracts as of Dec. 30, a decrease of 11,680 contracts during the CFTC reporting period.

COMMERCIAL OUTLOOK: Commercial corn traders held a net-short position of 26,351 contracts as of Dec. 30, the most recent CFTC data. The March 2026 contract is priced 7 3/4 cents l’wer than the May 2026 contract, slightly less carry through the week. DTN’s National Corn Index implies a corn basis of 38 cents under the March board, a penny firmer through the week.

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

PRICE PROBABILITY: The front month (March) corn futures contract finished the most recent week at the 12th percentile, an attractive location for buyers within the five-year range.

VOLATILITY: Three-month price volatility for the most active (March) corn contract held at 5% after prices traded sharply lower through the week.