Ag trade ideas
- Thread starter TraDaToR
- Start date
I am going to get back into the ZM fly. I have my order placed at -5.2
Any Idea why contango is not sot high in corn, wheat and even in backwardation in soybean with prices so low.
If we come back fee years ago, such prices would have produce a massive contango !
If we come back fee years ago, such prices would have produce a massive contango !
Big rally in the grains today, lower dollar, etc. Is this a trend change or a blip on the screen?
demand for ethanol has been strong campaign so far. current
indeed! i'm personally not sure crude bottomed. nor am i convinced the Greek debt issue is behind. just some thoughts.
Interesting one. The only downside is that the carry is already important. Have you got some special fundamental catalyst besides seasonality ?
Yeah it's partially seasonal and July supposedly reflects the buildup of new crop, 2nd reason was in the previous recent rally, we were told there were very few cash buyers at those levels, and when it dropped, the phones started ringing again. Cash premiums are still very weak in Brazil for this time of the year.