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DTN's Daily Basis Comments

DTN Daily Basis Comments

Corn, Soybean Basis Stronger

Corn and soybean basis was stronger Tuesday. All wheat basis corrected.

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Market Strategies

CORN Strategies Snapshot

Closing Futures Price & Change

Electronic Corn (@C)
Mar 19 3.7900 -0.0275
May 19 3.8725 -0.0275
Jul 19 3.9500 -0.0225
Mar 19 - May 19
Spread -$0.0825

Trends

Monthly Trend Sideways
Weekly Trend Up

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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