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Do you understand old / new harvest? - Global Online Money Finder
Commodities

Do you understand old / new harvest?

Do you understand old / new harvest?

  • December 14, 2020
  • Mike Seery
  • trade
  • Commodity Consulting, Commodity Trading, Corn, Futures, Mike Seery, Oats, Options Trading, Rice, Seeryfutures, Soybean Meal, Soybean Oil, Soybeans, Wheat
  • No Comments

What is the difference between old and new crops for agricultural commodities? When analysts and traders talk about agricultural commodities like soybeans and corn, they generally mention the old crop versus the new crop, which may confuse some beginners as to what exactly the difference is.

I’ll keep it simple because the only difference between old and new crops is that the old crop in soybeans includes a month other than November, such as March or May, and any months that were grown last year during the new crop The November soybeans are and will be harvested in October 2019 and grown this summer.

Because of this, there is sometimes a price difference between the old and new crops, as this year’s soybean crop could be as high as 4.1 billion bushels, which is driving down prices in the November contract, as is the case with old and new crops of the There may be different levels of transmission or coverage.

Old Harvest Corn is a different month from the December Contract, while the New Harvest is just the December Contract which is grown this summer and harvested in October, and sometimes there is also a price difference between the old and new harvest because we Harvesting will be around 14 billion bushels in October, which is why December corn may be lower than May corn as it is an old crop that was harvested last October and also has a different supply situation.

Many of the agricultural commodities are affected by crops both old and new, including grain, meat, coffee, and cotton. So if you need any help understanding which month to trade in, please call me anytime and I will be more than happy to make sure you are trading in the correct month.

If you would like to contact Michael Seery (CTA – COMMODITY TRADING ADVISOR) at 1-630-408-3325, I will be happy to assist you with your trading or visit www.seeryfutures.com

TWITTER – @ seeryfutures

FREE TRIAL VERSION FOR THE LIMIT UP COMMODITY NEWSLETTER

Email: mseery@seeryfutures.com

If you would like to open a trading account, click on this link www.admis.com

There is a significant risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the correctness of the information contained on the linked pages. Trading futures and options is not suitable for every investor.

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