Ag trade ideas

That's an impressive move ! WMAY16-SBMAY16 went from 50 €/t in june to 92 €/t !
Why you were ready to buy this spread ?

I had it on my seasonal radar and read a piece of news from Marex about the need of a larger white premium for refiners to be profitable.
 
I just bought EBMMAY16 !
Markets are panicking, everyone consider so much stocks even if stocks are kind of average.
We are also on a strong support.

One of my few directional trade. I hope that I have some edge in directional trading ;)

You need balls to do this when Egypt is considering excluding France from its suppliers...
 
I will ask but I am pretty sure that Egypt wont exclude France. 0 % Ergot seems to be impossible.
I think its bullshiting to get a lower price. Three panamax are also waiting near Dunkerque becauce Egypt didn't pay yet.. So maybe the ergot card is the only Egypt has ?
However, I agree that Egypt lacking money to pay its wheat is bearish..
 
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