Watch the March-May corn spread. Even with the lower corn market yesterday, March is still trading at a 8 cent premium to the May contract. There have been no deliveries posted against the March contract. If the premium continues into contract expiration next Friday, then it is a positive signal for corn prices.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.