Ag trade ideas

TraDaToR said:
Short MWH19/KWH19 @ 45.75.

- Extremely good crop conditions on HRS compared to HRW.
- Concerning global situation on HRW type wheat.
- Seasonals
More...
Your trade seems to be working well.
On what platform do you have access to the MW?
 
Hello George,

I don't trade outrights but I think corn is undervalued right now. I was studying some short seasonal spreads over the week-end and decided not to pull the trigger. The pollination phase is not finished and even with the most perfect crop and yields, we are facing a global stocks to use ratio of 14% this year, similar to 2010-11-12 when price finished between 5 and 7.5$...China is not so important in the corn picture. I wouldn't buy it outright though.
 
Hello Again, TraDeToR.

I want to tell you,

that I have a Subscription to the Price Perceptions https://www.cis-okc.com/ .

Here are their numbers of USDA and CIS.

US Corn Statistics

US Corn Supply / Demand
Million Acres and Bushels

Years

18-19

USDA / CIS Estimate

Planted Acres 89.1 89.1
%harvested 91.8 91.8
Hvstd acres 81.8 81.8
Yield 174 180
Beg stocks 2027 1867
Production 14230 14724
Imports 50 35
Total Supply 16307 16626
Feed/res 5425 5500
Food/seed 1480 1480
Ethanol 5625 5650
Exports 2225 2500
Total Usage 14755 15130
End Stocks 1552 1496
Stocks/Use % 10.5% 9.8%

Kind Regards,

George.
 
Hello Again, TraDaToR.

A few minutes ago,

i buy Corn December 2018 futures contracts in the price of 352.50.

Also, I put a stop order in the price of 338.50.

Kind Regards,

George.
 
You must log in or register to reply here.
Back
Top