Relative value between corn and wheat creates repeatable spread opportunities driven by substitution, seasonality, and supply dynamics.
Month end, outside markets, rumors, drive futures lower
WALSH PURE SPREADER - Pure Hedge Division
Corn futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents this week. The CmdtyView national average Cash Corn price was down 2...
Soybeans posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower on the week by 3 ½ cents. The cmdtyView national average Cash Bean price was 7 1/2 cents...
The wheat complex gave into weakness on Friday, as a $0.893 gain in the dollar index added some pressure. Chicago SRW futures saw 3 to 4 ¼ cent losses on the day, as March was up 8 ½ cents on the week....
In my opinion, the inventory report showed us pretty much what was expected. That being, liquidation has been halted with fledgling signs of expansion.
Agricultural Prices - 2026-01-30