Lets assume for a second he is an OEC broker, of which I assume they have many. How would he benefit directly by just sending someone to the OEC main page? Unless he owned all of OEC maybe? It would seem to be difficult to get credit for that acct...
You're right about the tight forecasting local. It seems to me though that that is just extrapolating from this year's obviously tight stocks and building in some uncertainty regarding the SA crop. Beans have felt the strongest this week, fighting for acreage I assume. I wish more Eters spent...
Seems like any time you got a crack at these near full carry, they could be nice risk/reward setup going forward, especially if you can get them 2-3 years out. Thanks for the chart on that.
Not much on the bean spread, but I've been watching and trading the cz10-cz11 and cn11-cz11 which are pushing 60 and 70 inverse also.
Take a look at what the h11-n11 wheat spread has done this summer too.
These spreads can really fly but I've always had a tendency to short them when they get...
Yea I guess he exited the trade a while ago, and I give him credit for outlining how poorly it went, but it hurts to be right at the wrong time...Welcome to harvest season grain trading.
Yea nice catch on that one. I don't see any reason to think the Z/F can't do what the Nov/Dec and several before it have done, breaking down past -1.50. And if you hit your target on that one at 50, I'd be tempted to take the other side of it.
Not in this instance, but I have had clients get unfairly stopped out on the YI and YG on several occasions by those types of moves. They are pretty difficult to explain to those of the "very green retail" variety...
In light of last weeks inventory report which obviously gave this market some oomph, I was curious what everyone's expectations are for the first few months calendar spreads in here. These seem to be getting pretty tight with the x/z inside of -.70 now.