Search results

long both.... like ke better

In jan they recalculate the delivery differentials. So you could get delivered oil but depending on where you "randomly" get assigned you might have to pay a premium which could be like 40c or something. So I'd stay away from any spread from 09 over the new year unless you really know what...

If you buy Zw ZH spread at -19.5 you will have to lay out 5$ per bushsel (ie 5*5000) then in Dec you will recieve 5.195*5000$ - storage .165*5000*90days and then divide by (5*5000)*90/360 to get interest earned on original 5*5000

Any grain merchandising book will have insurance and rot figures... search amazon will answer all those questions. Art of grain merchandising is first on that comes to mind. Also the cost of carry is usually limited by arb shops financing cost. So add 200-250bps over the eurodollar and you...

yes very well aware.

What the hell has been going on here? Anyone have any guesses. Seems to have gone crazy recently on no news.

huh I said I'm looking to buy just wish I'd pulled the trigger last week.... Its good to stop looking for magical patterns in charts and read the news every once and a while. Supply and Demand can sometimes matter. Just trying to help out.

wait do you guys ever look at fundamentals.... you know why it has been going up right? Its not a couple of dumb buyers. I'm thinking of buying it but probably should have last week. We might run out and el nino isn't helping for production... well it is helping the price run up. I still...

Why did China Buy beans 100mmt end of last week and now looking to sell 500mmt this week. The 500mmt sale had been rumored for a couple weeks. Anyone have and explanation?

Right long term bearish stuff should take spreads out to full carry. I heard traders don't believe that the crop will be ok... of course no one believes that silly usda corn number but yields/acr could be all time highs even if all those acres materialize, (which they won't). I think final...

Yeah still trying to figure this one out and why 100000 are trading in the front spread now after the NU was basically locked for a while. Only thing I can guess it that people don't think the current crop will be harvested by sept delievery.... total guess. Anyone else.

seriously does anyone who matters still trade in the futures pits? Only reason to be on floor is if you are trading options.

Yeah is it typical convention to quote it as backmonth minus front.... i always think of it as front month - back month. So when I hear higher I think less carry. What is the typical way it is quoted.

When you say move up do you mean higher % carry or more backwardation.

I'm long the UZ ke wheat spread and some ZH

Whats the reasoning?

Any thoughts on the dec W/C spread? I feel like its a buy at 1.85

anyone see that they are extending night hours to 715 cst? Do think its going 23hr trading soon?

Yeah I was thinking of just buying some wheat too since the dollar is so high. Maybe better to do the spreads though. Where can I find out info spreading and what is adm?

What are the issues with KC Wheat?