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A market commentary notes another week of good weather across most of the Corn Belt pushed corn prices down each day, nearly $1 per bushel below the prior week's high. The market appears to be trading a national average yield of 177 bushels, with attention on Dakota and western Minnesota rainfall and the August USDA report.
The article is an opinion piece on basis and spread trading strategies.
Favorable weather and expectations of a high national yield pressure corn futures lower, which can ease feed grain costs for buyers. Basis levels around local end users will shape the cash price farmers and feed buyers face.
agweb.comJul 13, 2021Not 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.
