Jerry Gulke DTN Columnist
Mon Mar 4, 2013 08:41 AM CST

If the rally in March corn futures is any indication, the excitement over tight stocks is continuing. March finished 33 3/4 cents above last week, while new-crop contracts were only 4 cents higher, keeping the bull spreading alive. Dec 2014 rose 7 cents, widening the spread between 2013 and 2014 Dec contract by 3 cents.

In theory when markets become more comfortable with the odds of producing sufficient supply for one year, that year loses with respect to the next year. In other words, the spread between Dec 2014 and 2013 should widen as the market becomes more comfortable with ...

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