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DTN's Daily Basis Comments

DTN Daily Basis Comments

Wednesday Morning Basis Update

Spring wheat, corn, soft red winter wheat and hard red winter wheat basis was stronger, while soybean basis was unchanged Tuesday.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Sep 19 4.5300 0.0125
Dec 19 4.5750 0.0025
Mar 20 4.6200 -0.0100
Sep 19 - Dec 19
Spread -$0.0450

Trends

Monthly Trend Sideways
Weekly Trend Up

Market Structure

Neutral - Type 5

Seasonal Index

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

Positions

2019: Sold 25% of prod. at $4.03 (Dec 19) 2018: 25% of prod. sold at $4.16 (Jul 19) 2018: 25% of prod. sold at $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 unsold crop, expire 6-21-19.
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