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DTN's Daily Basis Comments

DTN Daily Basis Comments

Corn, Soybean Basis Strengthens Monday

Corn, soybean, soft red winter wheat and hard red winter wheat basis was stronger Monday 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 19 3.6575 -0.0075
Mar 20 3.7575 -0.0100
Jul 20 3.8600 -0.0075
Dec 19 - Mar 20
Spread -$0.1000

Trends

Monthly Trend Sideways
Weekly Trend Down

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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