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SC Iowa | once the roll out of July futures (short hedgers buying back July and rolling out to sep/dec contracts), I expect the December contract
to become the market leader.....
at that point the spread between December and the deferred 2020 contracts will narrow
currently the Z/N is 18 cents....likely to come in to a dime or less
one strategy for the short run may be to roll your short Dec HTAs out to the July 2020 and await further developments
basis gains are moving farther west....and we are seeing basis improve as the board goes higher
a tell-tale sign that the market is not getting as much cash corn as it wants
many farmers do not know how much bin space they will need and are reluctant sellers of old crop corn.....and they should be
this is the time to be proud of your cash corn ownership and be ready to "let's make a deal" on corn basis
Ray J | |
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Dec 19 HTA's
