DTN's Grain Quick Takes

OMAHA (DTN) -- As we near the close, December corn is down 5 1/4 cents, November soybeans are down 5 1/2 cents, July K.C. wheat is down 4 1/2 cents. Grains have extended their losses toward the end of Friday's trade and December corn is on track for a new low close in 2017.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Jul 17 3.5775 -0.0500
Sep 17 3.6550 -0.0525
Dec 17 3.7525 -0.0550
Jul 17 - Sep 17
Spread -$0.0775 Neutral

Trends

Monthly Trend Sideways
Weekly Trend Down

Market Structure

Bearish - Type 8

Seasonal Index

The market tends to trend down through early October.

Positions

2017: 50% expected production covered w/Dec 17 $3.80 puts @ approx. $0.30 2017: 25% expected production priced w/Dec 17 @ $3.90 ($3.98-$0.08 net puts) 2017: 25% expected production priced w/Dec 17 @ $3.91 ($4.07-$0.16 net puts)
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