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DTN's Daily Basis Comments

DTN Daily Basis Comments

Tuesday Morning Basis Update

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

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Dec 18 3.6125 -0.0100
Mar 19 3.7225 -0.0100
May 19 3.8000 -0.0100
Dec 18 - Mar 19
Spread -$0.1100

Trends

Monthly Trend Sideways
Weekly Trend Sideways

Market Structure

Neutral - Type 5

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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