Ag trade ideas

Vyki said:
ok:)

So, I sold ZLQ-ZLZ @-0.12 because of good seasonality. And price is near resistance
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Likewise I am short on the Jul-Dec Soybean Meal product. However If you look at the other spreads, the spreads are trending up.
 
xandman said:
Likewise I am short on the Jul-Dec Soybean Meal product. However If you look at the other spreads, the spreads are trending up.
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Only part of spreads is trending up:)
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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...
 
Tradator, on the KC/Chicago spread, what is it that drives the price difference between the two contracts? Do you just essentially expect demand to be higher for KC compared to ZW?
 
FCXoptions said:
Tradator, on the KC/Chicago spread, what is it that drives the price difference between the two contracts? Do you just essentially expect demand to be higher for KC compared to ZW?
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Not demand, supply... During all winter we got these recurring comments about HRW bad shape with winterkill, drought...And suddenly in April it rains and it is supposed to cure everything... This spread goes from 50 to 20...Bullshit... The crop is just in slightly better shape than last year when this spread was at 110...Meanwhile SRW crop is in good shape and the demand side hasn't really changed in the last 2 months...Perhaps I am wrong , I rarely trade on Fundamentals but i think there is more upside than downside here.
 
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