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That's a chart of mar11/mar12 which actually shows that spread dropping into may 2010, the trade was on may10 contract which would have expired april 15th 2010. Therefore the trade had to be profitable

Comintel, I wouldn't trade sugar based on macroeconomics alone, right now the most important thing is the supply side in sugar. The main contributor to the 20% drop in sugar was india signalling exports after expectation of a better crop. It's also expected that they will stagger these...

He's talking about the strategy they employed at the beginning of 2010. In January or February Pimco were selling May10 against a back month such as July10 or October10. In this case the spread did drop. The 2011 calendars have been widening until recently, Mar11/May11 put in a high around...

Following the US crude inventories drop Brent rose more than WTI, extending Brent's premium over WTI. As far as I understand it, and I may have it wrong, Brent is more a representative of global demand and WTI more representative of US demand, or so I have read. So why does the drop in US...

This is a broad question and one which could require a thesis to answer??? :mad: If you are only asking about using far out contracts in backwardation then you can indeed make a good profit without any spot price movement. You can essentially have a fall in the spot price of sugar between now...

Low was 2.63 in 1985 just a 5 years after the high set in 1980 at 45.75.

High of the day (so far) 30.64, last seen in January 1981.

See chart at on the futuresource website for dec10 with the following symbol: WBS 0Z:BRN0Z-ICE

I'd like to get a general opinion on the outlook for Brent/WTI. The dec10 is at -1.66 as I type. Technical or fundamental, all views welcome. Thanks GJB

Whilst I think sugar will still go higher myself, trading long at these levels has to be done very carefully, as you will see from the last time sugar hit 30 cents it went down very quickly.

Sugar is also in backwardation, I think we should see a substantial pull back by may/june next year, sugar for example back down to 20 cents, but I wouldn't expect to see the lows again for a long time, and that still allows it to push higher in the mean-time.