the rest @ -0.8. LOL at me. I should have tracked the white premium and recognize that this downfall was imminent. I seriously need to put more reachable targets.
Seriously my target was @ 9.7 on this long term spread. It stayed for one month around 8. Now it is @ 2... My targets are always a bit too far...GRRR... I just liquidated half @ 2. I am really pissed.
Seriously, is spoofing so addictive that you continue even when regulators are already after you? Igor continues to spoof in Feb 2016...
http://www.bloomberg.com/news/articles/2016-02-11/cftc-says-alleged-spoofer-s-trades-lead-to-new-complaints
There is a seasonal window for a long crush soon so I am getting interested as well. But according to my datas, it is not really low. It's much lower than last spring for sure but still in the upper 1/2 of the last 20 years' value.
What do you guys think about soybean crush in the coming months? Soybean curve is getting less bullish while meal is making a plateau and oil is already in somewhat of a bull market with strong fundamentals...
I would say yes but wait until it stabilizes. Perhaps it will go around 12.5 or even lower. Coffee will be another buying opportunity at one point this year IMO.
Long MW/ Short ZW Jul16 @ 23.
-Historically quite low
-Good seasonality into the spring.
-MWN16 undervalued on the curve.
-Canada just reduced spring wheat acreage.
Quite reliable trade if u ask me.
Ag trader( sole income ) since '07. Started dabbling in stocks in high school. Didn't finish law school and decided to give the markets a try. 2008 helped me to start as it was the perfect environment( high volatility ). I trade from home. 33. Scalping and Fundamentals.