Old Crop/New Crop Corn Spread Meeting Resistance
Feb 22, 2012
There has been a lot of talk surrounding the old crop/new crop spread in corn. Currently, the spread between July and December futures is sitting at 79 3/4 to the July side. Below is a chart of this spread taken from our Firetip trading software. As you can see, we are sitting right below the 80 cent mark after being as high as 127 cents in late August. The spread is meeting resistance around the 80 cent mark as this level has been tested several times in the last few months. We could see this spread widen into planting season and through the summer. If you would like to track the old crop/new crop relationship in your own home or office, simply take a demo by clicking the button below or give us a call at 877-472-4607.
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