new crop

Spreading historically has been a way to reduce risk in trading, but when it comes to old crop/new crop spreads, you must remember that the fundamentals apply differently and there is more volatility than in your basic calendar spread.
The grain complex is expected to have record acreage planted after a couple of difficult years but nothing is guaranteed in farming and there are several wild cards yet to be played.
Old crop/New crop spreads may be volatile this year.
Wheat fell a second day on concern a finding of rogue gene-altered wheat will hurt U.S. exports.