Ag trade ideas

[TraDaToR]

Long Jan/Short Mar Lumber @ -5.

 

[Vyki]

speaking bout lean hogs spreads, it looks like z-g is more bullish than g-j

 

[TraDaToR]

Short Apr/Jun/Aug Cattle fly @ 5.550. Didn't like the way I entered. I had to chase it for one week.

Scratch here @ 5.550. I trade poorly lately on these spreads.

 

[i960]

I feel like a lot of spreads are having whacky behavior due to fundamental shifts in commodity pricing going on. Anyone else?

 

[thefuturestrader]

Seems like the entire commodity complex is trying real hard to turn around, but can't quite get it done.

Anyone else notice the volatility skew in Chicago wheat options, especially in January? Maybe this is a historical thing due to wheat rallies during that period but the implied volatility is way higher on the calls than the puts.

 

[thefuturestrader]

Trad: What do you think of that KEZ-ZWZ spread? I keep waiting for it to break out up, but it seems stalled out.

 

[TraDaToR]

I am long as well. It just bounced a bit to -6.5. I still see it as a good trade so far. Not much downside. If wheat in general goes up, KC wheat is more volatile so the spread should narrow and even go back to its usual premium...

 

[TraDaToR]

Long May/ Short Jul KC Wheat @ -10.

 

[TraDaToR]

On the KC/Chi wheat spread, one quote from Austin Damiani worried me yesterday: "KWZ/WZ found buying interest around 12 but will offer increasing resistance the closer we get to even money".

 

[TraDaToR]

Yesterday I accumulated a little position on FCOJ Nov/Jan/Mar fly @ -0.55. Wanted more but couldn't get filled. If it plunges again below that level, I will buy again.