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DTN's Daily Basis Comments

DTN Daily Basis Comments

Thursday Morning Basis Update

Corn and spring wheat basis was stronger, while soybean, hard red winter soft red winter wheat was steady Wednesday.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
May 20 3.3175 0.0175
Jul 20 3.3675 0.0125
Sep 20 3.4175 0.0125
May 20 - Jul 20
Spread -$0.0500

Trends

Monthly Trend Sideways
Weekly Trend Down

Market Structure

Neutral - Type 3

Seasonal Index

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

Positions

2019: Sold 25% of prod. at $4.03 (Dec 19) 2018 avg sale = $4.05 (Dec & Jul 19) 2018: 25% of prod. sold $4.16 (Jul 19) 2018: 25% of prod. sold $3.89 (Jul 19) 2018: 25% of expected prod. @ $4.04 2018: 25% of expected prod. @ $4.17 Long July 2019 $3.40 puts to protect 50%, expired 6-21-19.
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