WALSH PURE SPREADER ....
SEPT ’25 CORN 440/455 CALL SPREAD
6/13/2025
Settlement : 4-3
As we entered the summer months the expectations were for a strong corn harvest. So even with the projected high demand corn has been trending down. However, for the past couple weeks corn has been trading in a somewhat smaller range between $4.19½ (the contract low) and the low $4.30’s. We ended the week with four up days. Also, the July ’25 Corn minus/over the Dec ’25 Corn spread (ZCN’25-ZCZ’25) has recently gone up from -10 to +1 and that can be indicative of a strengthening futures market.
There are still talks of reassigning acres from corn to beans and now some excessive rains in the south and southeast regions have even gotten in the way. I think this might be an opportunity to buy some Corn Call Spreads.
Specifically, I like buying the $4.40/$4.55 Call Spreads at 4-1.
The Sept Corn Futures settled $4.28 1/5 today.
This trade has limited risk/reward.
Risk 4-1 : $206.25 Per Spread to make 10-7 : $543.75 Per Spread
If you have any thoughts/questions on this article or any questions in regard to the commodities futures markets, please feel free to contact me at;
Rich Moran
Senior Commodities Broker
Direct: (312)985-0298
Cell: (773)502-5321
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