What Corn Spreads Say About Supply, Sentiment, and Strategy
- Ryan Tungseth
- Jun 5
- 2 min read
When July corn trades under December in early June, something’s off. This week’s Insider unpacks the signal in the spreads, the value in cheap options, and how to think through your next move without guessing the weather.
Corn Spreads Are Breaking the Script
Typically, July trades above December—especially if supply is tight. But this year? That’s flipped. It’s a sign the market sees more corn out there than official numbers admit.
Jon and Ryan explain why this kind of inversion matters, how it affects futures structure, and what it could mean for basis pressure ahead.
