Ag trade ideas

TraDaToR · Dec 2, 2015

Here it is: http://www.dailylivestockreport.com/

thefuturestrader · Dec 2, 2015

Oh, ok. Another broker in the office uses that report. I didn't realize it was the same company.

TraDaToR · Dec 2, 2015

Yes. Apparently they aren't called Steiner Consulting anymore...

TraDaToR · Dec 4, 2015

Long Sep/ Short Dec 16 Corn @ -7.5. Only got around 3/4 of desired position.

TraDaToR · Dec 4, 2015

Short Dec/ Long Mar 17 Corn @ -9.25. Long term.

Rachmaninov · Dec 4, 2015

Why shorting DEC ?
The contango structure is pretty classic with a higher contango between MAR/DEC than DEC/SEP.
My own feeling is that I dont understant why the contango is so weak compared to the low price /high stocks situation we currently have.

TraDaToR · Dec 5, 2015

A couple of reasons: - The curve is too flat. Dec most of the time is at least at a discount to Jul.
- Good technical support and seasonality for Sep/Dec.
- Really good long term seasonals for Dec/Mar while the contango is weak.

TraDaToR · Dec 7, 2015

TraDaToR said:
Long Sep/ Short Dec 16 Corn @ -7.5. Only got around 3/4 of desired position.

Was filled on the remainder.

Rachmaninov · Dec 8, 2015

@TraDaToR
Thanks
Dec is at a discount when price are high. Long SEP/short DEC is 90 % a long corn position for me. However you have a nice assymetry in this trade. And I agree on the week contango compared to low prices !

Vyki · Dec 8, 2015

It would be interesting to compare fundamentals