Long Jul KC / Short Jul Chi Wheat @ 25.75 based on the crop scout report. Average yield estimates just slightly over last year disaster when this same spread was at 110...This last downward movement on KW based on "rain relief " smelled so much like BS...
"On Friday, Wilmar International Ltd., the largest cane miller in Australia,
took delivery of 37,611 raw sugar futures contracts, or 2.1 million short tons,
against the May ICE Futures U.S. contract, according to brokers."
Gosh...Bottom for sugar?
Are you talking about CBOT or MGEX wheat? On MGEX, the spread hasn't been much wider than current levels except for little temporary spikes even if my full carry calculation is around 16. On CBOT the carrying charges can increase at Jul expiration...
For the seasonality you need to do...
Long Jul Soymeal/ Short Jul Soyoil @ 12572. I am quite heavily long meal / Short oïl in my portfolio now. There is a threat threat of slowing meal demand because of Avian flu but at the same time there is large demand for soy. Big exporter sale just reported...
Whistleblower may get 4 to 12m$...I am speechless. This academic wouldn't have made a dime in the markets, now he is entitled to 30% of Sarao's profits...:mad:
http://in.reuters.com/article/2015/04/22/flashcrash-trader-whitsleblower-idINKBN0ND2LG20150422
This guy is toast. I feel for him. CFTC is looking for 120 m$ and DOJ another 80 m$. What an absurd world...
So true. Moncada case in December 2012 was ,I think, the first "spoofing" case. I had created a thread "spoofing becoming illegal" at the time. I am not sure for older manipulations, but anybody who continued after this date deserves to be prosecuted...
Every time I go on vacation the week before is incredible ...LOL.
As I trade grains I try to take vacation outside of the volatile crop growing season( spring-summer ). I told everybody about it last year but it didn't work. This year I take one week in early July with my friends and 2 in...