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CME Group is reportedly considering changes to its soybean and corn futures contracts, according to customers. Corn basis in the harvest area fell to 63 cents under futures, the widest gap since 2010, with March corn at $3.58-3/4 and March soybeans at $9.69-3/4 on Monday.
Contract changes could affect delivery and hedging for feed buyers, and the wide cash-to-futures discount signals weak local corn demand relative to the board.
reuters.comTom PolansekFeb 6, 2018Not 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.
