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DTN's Daily Basis Comments

DTN Daily Basis Comments

Corn and Soybean Basis Both Stronger Friday

Corn, soybean, hard red winter wheat and hard red spring wheat basis was all stronger Friday.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Dec 19 3.9100 -0.0375
Mar 20 4.0275 -0.0375
Jul 20 4.1525 -0.0250
Dec 19 - Mar 20
Spread -$0.1175

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

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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