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Out @ -0.25. Talk about a bad trade. I don't know why I continue to trade sugar. I have never made a dime on it...LOL

Short Sep / Long Dec cocoa @ 7

Seriously the guy bought A HOME with his client's money...Jewelry you are just another con man, a luxury car you are a champ but a home...ROTFLMAO

Not so strastospheric finally but good enough. Out the other half @ 7.5. End of seasonal window on monday + inverted hammer.

To say the truth, it is just a remarkably consistent seasonal window for this spread. No other reason.

WASDE

Long Mar/ short Jul 16 Sugar @ -0.12.

http://blogs.wsj.com/moneybeat/2015/06/09/thats-no-spoof-a-125000-fine-for-detrimental-trading/

Scratch at even.

Out @ 5 finally. It was 1 tick from target one month ago.:)

The curve is inverted from Mar 16 to Dec 16 since the RFS announcement. Prior to that it had a normal contango structure on all '16 months. I think( not sure ) it is just the kind of movement where all the most liquid contracts move up in unisson on a price shock and the less liquid spreads...

Traded it earlier on this thread but we are getting to close to expiry for me...Plus the situation for new crop december is kind of unclear with Texas flood on one side and surplus in India on the other.

I have a question: Is March 2016 a meaningful date in the RFS mandate regarding biodiesel? For some reason, soyoil Mar/May 16 is trading at a strong inverse...

Beware that for this kind of trades ( front month bull spreads close to expiry ), when it starts going parabolic like that, the risk / reward really becomes asymmetrical. For example when you closed it out @ 6.8, it was much more likely to go to 10.6 than back to 3...

It seems indeed a good short. Backtest is OK and the spread is overvalued now. Optimum window July 9th - Mar( next year ) 6th.Beware May is not a really traded expiry.

Long Jul/short Aug Hogs @ 0.6

Short Mar / May 16 Soyoil @ 0.14

Out@ 12. Trading is tough lately:(

Followed lx008 advice and closed my seasonal long Soymeal/ Short soyoil @ 9990. :( Now long ZL N/Q @ -0.02 .

I am still in. There is still more upside than downside risk in this kind of trade. You can close now and it will be a good trade. Otherwise you can hold a bit longer and 1-lose a little 2-Hit a homerun.