Henan cash prices
Spread update
The May 2027 contracts were recently listed. The Jan 27/May 27 corn spread has started trading at a relatively normal carry compared to previous years.
Despite the decline in flat price corn, the Sept/Jan corn spread is still at a relatively steady inverse. However, it’s a relatively small inverse compared to this time last year.
Jan 27/May 27 soybean meal is also starting at relatively normal levels.
Sept/Jan soybean meal continues to trade at a relatively w...