USDA planting intentions out tomorrow. Wheat has been volatile over the past couple of days here.
Ag trade ideas
- Thread starter TraDaToR
- Start date
Out @ 29.49. Another loser. It went straight to my stop. As Rachmaninov said, those same product spreads based on correlation shouldn't be done in the last month before expiry. Lesson learned.
Last month are crazy, its begin to be the cash trader game, we cant go in delivery !
Whew, did not see that coming on corn. EXCEPT for the weird implied volatility on corn and bean options. Beans had very low implied volatility right before the report, while corn had some built in. It seemed like the market expected a corn move, but thought beans would stay pretty neutral.
A bunch of post-report long old crop/ Short new crop volume sent it back to my entrypoint...Check the curve. If that's not a screaming buy, I don't know what is...
What do you guys think?
What do you all use for tracking the curves in near real time? IB's term structure chart lags behind a day I believe which is kind of annoying. I guess I could build a spreadsheet to download the info into perhaps. I don't mind it being delayed a little, I just don't like getting on at midnight and not being able to see the prior days change in the structure.
I checked the curve and definitely agree that seems a bit out of whack. I have an order sitting there, but I doubt I will get filled on it tonight.
What is this? I thought it was the soybeans curve and you meant ZM V/Z was linked to ZS U/X, but ZS U/X never traded at a carry recently...