May/Sept corn has been relatively steady over the past week, but there has been a decline in Sept/Jan as corn futures have fallen but the January 2027 contract has remained near its highs.
May/Sept soybean meal has been relatively steady over the past week and is down substantially from the spike higher in March. Despite the rumors or worries about delays in customs clearance, the spread is trading at fairly normal levels.
Sept/Jan soybean meal is also trading at a carry which is the widest th...