Some pretty interesting action on these soybean spreads today. Funds are heavily short w/ a big USDA report on Tuesday. Looks like they are covering some of those positions.
+5? Perhaps in late Feb...I can't see Mar/May go over 0 before Jan expiration but I might make an error. Brazilian supplies keep May/Jul around -7...
What do you think about a short Oct/Mar/May sugar fly now? Good long term seasonal window and I am quite bearish sugar.
I think cattle are hanging in there amazingly well despite the volatility in the stock market. I don't care how cold it gets, people are buying steak if their 401ks and IRAs are dropping in value significantly.
I had a long white/ short raw sugar spread on standby last week and I decided to wait a bit for a better price...Perhaps that wasn't my best investment decision of 2015...LOL
Beware the long term trend is still down. http://www.agrimoney.com/feature/li...2015-revival-set-the-scene-for-2016--419.html
You mean they buy less steak where they 401 k is down ? I think commo ag prices are much more driven by offer than demand. And even offer explain few of the short term volatility
That's an impressive move ! WMAY16-SBMAY16 went from 50 €/t in june to 92 €/t ! Why you were ready to buy this spread ?
I just bought EBMMAY16 ! Markets are panicking, everyone consider so much stocks even if stocks are kind of average. We are also on a strong support. One of my few directional trade. I hope that I have some edge in directional trading