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Kansas State Extension reviewed CME futures as of 22 December 2022, with March 2023 corn closing at $6.60 1/2 and December 2023 new-crop corn at $6.01 1/4. The spread shows a negative carry, giving no incentive to store grain into 2023.
An inverted corn curve signals the market expects looser supplies later, which discourages storage and points to lower forward corn prices for feed buyers.
ksugrains.wordpress.comksugrainsDec 24, 2022Not 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.
