How Did the 3 Kings of Commodities React to Weekend Developments?

Corn: The third King of Commodities, King Corn, stayed out of the fray for now, showing light trade volume pre-dawn Monday with contracts in the green across the board. Fundamentally, the market hasn’t changed. The National Corn Index ($CNCI) was priced last Friday near $4.0025, putting national average basis at 37.25 cents under March futures (ZCH26) as compared to the previous 5-year low weekly close for last week of 27.0 cents under with the previous 10-year low weekly close at 35.25 cents under. Fundame ...