New Crop Soybean / Corn Ratio Reaches New Highs
Mar 21, 2012
The new crop soybean / corn ratio reached new highs, ending the day at 2.377. This is the highest this ratio has been since February 2011. Do not expect to see this ratio impacting the March 30th Planted Intentions Report, since the survey for this report was completed the first week of March. To see areas where soybeans have a chance to pick up planted acres, refer to our cash market commentary from last week.
We saw a divergence between the corn and soybean market today, with corn closing at session lows while bean contracts were propelled higher at the end of the session. Spreads between old crop and new crop contracts remained firm throughout the grain complex, in contrast to a weakening in new crop contracts we have seen in recent weeks.
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.