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DTN's Daily Basis Comments

DTN Daily Basis Comments

Soy Basis Strengthens; HRW, HRS Basis Weakens

Corn basis held steady Thursday while soybean and soft red winter wheat basis strengthened and hard red winter wheat and spring wheat basis weakened.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Mar 20 3.9375 0.0500
May 20 3.9850 0.0425
Jul 20 4.0325 0.0400
Mar 20 - May 20
Spread -$0.0475

Trends

Monthly Trend Sideways
Weekly Trend Up

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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