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Corn spreads
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Posted 9/15/2021 08:13 (#9221216 - in reply to #9220788)
Subject: RE: Corn spreads

Some comments:
Big picture…..Ending 2022 stocks to use ratio of 9.5 % using currently projected supply demand numbers from USDA would suggest carries should not widen much….in fact narrowing about mid harvest.

Previous years data would indicate market trading flat…no-sustained carry.

If basis allows….Would guess ABC grain companies will buy harvest pressure and try to deliver enough corn to push spreads out and hope it sticks…

Flat price relevant in this conversation as it will allow farmer to catch up sales….or not. Market seems to understand we have a pipeline to fill.
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