Full Spread Update PDF https://sitoniaconsulting.com/2026/07/16/spread-update-2026-07-15/
Sept/Jan corn is still trading at an inverse but is at less of an inverse compared to this time last year. Strong imports of alternative grains such as barley and sorghum, auctions of reserve rice and imported corn, and an increase in feed-grade wheat have put pressure on the spread.
Jan/May 2027 is trading at relatively normal levels compared to previous years. Although there was an increase in corn plan...