Ag trade ideas
- Thread starter TraDaToR
- Start date
Haha heck yeah, just got back from lunch and saw it. 7.3/7.5! I have my limit order set at 10. I just set it awhile back so I could track the spread price from IB on my phone. I might just leave that in place for now and hope it hits.
long soyoil - short soymeal is the nino trade,follow the big story of the year,EPA as bonusI didn't mention a soybeans/ soyoil spread on the thread? I can't find it...I just got out of it @-6715
Whew, soymeal spread taking a hit this morning. Hoping it is just the curve getting a bit out of whack from the big selloff
Why is it the nino trade? I tried to go long the front spread on soyoil to balance the seasonal bear spreads I had further down the curve. I only got 1 lot...LOL
I am still in. There is still more upside than downside risk in this kind of trade. You can close now and it will be a good trade. Otherwise you can hold a bit longer and 1-lose a little 2-Hit a homerun.
IF nino 's big , it will cut palm oil production in Asia to support all veg oils prices,while wet weather in US will bring good bean yield so suppress price of soybean,so it's natural to long soyoil and short soybean or soymeal
What I wanted to say is the linked between water temperature (which is el nino) and wheat yield and maybe palm oil yield is not that obvious.
I dont find my R&D on the topic but even a strong el nino has no 100 % impact on crops.
I dont find my R&D on the topic but even a strong el nino has no 100 % impact on crops.