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DTN's Grain Quick Takes

OMAHA (DTN) -- As we near the close, December corn is down 4 3/4 cents, January soybeans are down 5 3/4 cents, and December K.C. wheat is down 9 cents. Most commodities are trading lower Tuesday and there seems to be bearish influence from December crude oil trading down $3.70 at $56.23.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Dec 18 3.6650 -0.0475
Mar 19 3.7775 -0.0450
May 19 3.8575 -0.0425
Dec 18 - Mar 19
Spread -$0.1125

Trends

Monthly Trend Sideways
Weekly Trend Up

Market Structure

Neutral,Bullish - Type 4

Seasonal Index

Corn prices tend to trend higher from early October to early June.

Positions

2018: 25% of expected prod. @ $4.04 2018: 25% of expected prod. @ $4.17 Long July 2019 $3.40 puts to protect unsold crop. 2017: 100% cash sales made, near $4.00 per the July 2018 contract. No more positions open for 2017.
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