WALSH PURE SPREADER
Pure Hedge Division
RICH MORAN 9/29/2026
JUL-SEP CORN SPREAD (ZCN27-ZCU27)
As of the most recent figures, Full Carry for Corn from July of 2027 to September of 2027 is 22.04. That would put the JUL-SEP Corn Spread (ZCN27-ZCU27) at -22 (negative 22). Today, ZCN27-ZCU27 settled +27¾ (positive 27¾). That’s 59¾ cents higher. Since the middle of August this spread went from +10 (positive 10) up to +33½ (52-week high) on 9/2/2026. It floated above and settled above the 14-day moving average this entire time. This past Friday (9/25) ZCN27-ZCU27 it finally settled below the 14-day moving average at +27¾. That is same price that it settled today. I think getting short this spread might offer us a good risk/reward trade.
I am suggesting that when the market opens this evening try to sell ZCN27-ZCU27 at +27½ or better.
Risk 6½ (price of 34) or $325 Per Spread, to make 13 (price of 14½) or $650 Per Spread, plus fees and commissions.
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Rich Moran
Senior Commodities Broker
Direct: (312)985-0298
Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
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