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I entered it a little early as usual, see a few pages earlier... The full carry is around 16-17 but historically it rarelly reaches 13.

"0920 GMT [Dow Jones]--EU milling wheat futures nudge higher as Russia says it will abolish a tax on wheat exports." LOL

May was in strong carry and there was a short term resistance on outrights @ 3000... But May expired and the resistance was broken...

I checked this morning. Nothing interesting really. Some spreads are at historical levels but it is just a function of the wild cattle market, not something you can fade or exploit in any way...We are still in a long feeders / short fats seasonal window and the spread has retreated a little if...

Out @ 13 for a 2 tick profit. Got insecure now that cocoa has broken its resistance. This lasting inversion is bizarre...

In the 2015 RFS Mandate?

El Nino?

Finally, hold on that ZM N/Q... this down day was outright-driven...Here is what was important for us : "USDA made several changes to the global supply and demand balance sheets. The most unexpected was a 4-million-metric-ton decline in 2014-15 world soybean ending stocks to 85.54 mmt, below...

Same here...LOL. Nothing dangerous here but we will have to check ZM N/Q in the next few days...

Soybeans down but my soymeal spreads are up??? I will take it...:)

WASDE in 6 min.

Yes. I have heard of a guy who solely trade cocoa( ICE and LIFFE ) and do really well. Sometimes the price action is so clear. No false signal and noise.

So true. There was one scary moment : when Gordon Brown said in 2009 he supported that tax...From then it was a downhill.

Is he not the academic from Berkeley? It was in articles in the first days of his arrest... Perhaps Nav's money was not as merited as an other trader, but I prefer seeing it on his account than on the one of a F... Whistleblower.

I have a question regarding deliveries. In the case of a contract like crude oïl where First notice happens after the last trading day, how does it work if you have forgotten a long position( and the market doesn't exist anymore )? Can you re-tender? Do you have to do an OTC EFP to sell your...

Long Oct / Short Dec White sugar @ -5.9. Go Wilmar.LOL.

Short Jul / Long Sep Cocoa @ 15. The May contract is plunging during delivery period and it should propagate to further months.

I am in V5-J6 and I am looking for this support to get broken indeed...On my spread it would validate a large head and shoulders pattern.

What is this spread, Vyki?

Not demand, supply... During all winter we got these recurring comments about HRW bad shape with winterkill, drought...And suddenly in April it rains and it is supposed to cure everything... This spread goes from 50 to 20...Bullshit... The crop is just in slightly better shape than last year...