Our team will be watching the May-to-July soybean spread. The carry was out to 10 cents last week and has narrowed to just 1 ½ cents. When the bull spreads start working, it is a positive signal for prices–even if the futures are lower at this time.
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.