Corn Spread - Newbee Question

Why is Sep. Corn trading ~50 Points lower than Jul. ?

Can´t be just the costs of carry as this spread ist not the same in all months.

thanks

Ze_German
 
March, May, July is the old crop, September is "intercrop" and December is the new crop. December is way lower because people are anticipating larger corn production for next crop.
 
Back
Top