Short 2 S NOV15/Long 5 DEC15 at 2.573 ratio
Short 2 S NOV15 at 9.43
Soybean is both the most expensive commodity and the largest stock on use ratio..
Soybean market is in backwardation which often happens on a very tight market.
Then or the soybean market is wrong or the USDA is wrong.
How USDA stocks estimates could be bad ?
Short 2 S NOV15 at 9.43
Soybean is both the most expensive commodity and the largest stock on use ratio..
Soybean market is in backwardation which often happens on a very tight market.
Then or the soybean market is wrong or the USDA is wrong.
How USDA stocks estimates could be bad ?
. This spread obviously still has some room to go but I rolled it into Mar/Jul which has more potential and a strong seasonal bia into 2016.