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Barchart columnist Angie Setzer writes that cash grain, spreads and weather are sending mixed signals as futures test February lows in corn. She notes that spreads show whether grain is moving enough to meet nearby demand.
She describes the market's behavior as unusually surprising for experienced traders.
Divergence between cash and futures can signal a turn in price trends, so buyers should watch basis and spreads for changes in the balance of supply and demand. The commentary does not identify a new fundamental driver.
barchart.comAngie SetzerJun 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
