Ag trade ideas
- Thread starter TraDaToR
- Start date
why?
and do you know some source of seasonal charts for European commodities?
- Sep/Dec plunging before delivery period
- Mar/May in slighter backwardation than Dec/Mar
- NY Cocoa curve flat in the front months
I use DTN Prophet X. You can watch historical seasonal charts in stacked mode to get an idea but no backtests, optimization...like Seasonalgo.
Robusta is perhaps teaching me a lesson right now. My added position @ 11 was kind of "revenge trading" for having closed half the day before. You live you learn...
Vietnam devalued its currency apparently...
With China devaluing, I read most of the countries in that area will also be forced to devalue to remain competitive.
Robusta is perhaps teaching me a lesson right now
The markets never cease to amaze me. It has almost reached my stop. You would have told me "tomorrow it will be at -15", I would have said "Yeah right, look for +50 instead...".
1651 GMT - The London Robusta contract is down nearly 3.5% amid a heady mix of
currency pressure and technical factors. It's been falling all day, erasing
yesterday's 1.6% technical gain as traders rolled over their contracts from
September to November, according to a trader. Also hurting today is the third
devaluation of the Vietnamese dong; the country is a major Robusta producer. New
York arabica is also down today, pushed by the fall of another key coffee
currency, the Colombian peso, to fresh record lows against the dollar. Robusta
coffee futures for September delivery are at $1,672/ton.
currency pressure and technical factors. It's been falling all day, erasing
yesterday's 1.6% technical gain as traders rolled over their contracts from
September to November, according to a trader. Also hurting today is the third
devaluation of the Vietnamese dong; the country is a major Robusta producer. New
York arabica is also down today, pushed by the fall of another key coffee
currency, the Colombian peso, to fresh record lows against the dollar. Robusta
coffee futures for September delivery are at $1,672/ton.
