The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Grain TV is a daily recap after the market close, providing opinions on fundamental analysis of market direction, influences and expectations. This daily program is produced by Grain Hedge, a discount brokerage firm that provides farmers and elevators with agricultural intelligence including live market quotes, cash bid data, the Grain Hedge Optimizer™ and mobile trading platforms, all for $7 commission per side. Grain Hedge provides tools to allow farmers the ability to trade when the markets move without having to wait for a broker and the information to execute a marketing strategy with confidence.
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.
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.
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