Quote from illiniphd:
Local:
Can you enlighten me as to why a trader should look into the
ZC N11/Z11/Z12 butterfly spread instead of the N11/Z11 spread?
My charts tell me that the N11/Z11 spread is a better set up. I am still long after rolling out of H11/Z11.
Also, do you have an opinion as to whether there will a shortage of U11 corn?
Thanks!
Quote from local:
N/Z corn trading between 1.20 and 1.30 for most of the past two weeks with most analysts calling for $8.00 + N corn. However, K wheat actually less than k corn, have not seen that since 1996. Wheat will displace some corn in feed rations and affect N/Z corn , question is how much ? Wheat displacing corn should help reduce wheat stocks at least to some extent.
Regards, local
Quote from emg:
keep in eye in this spread.
z11/n12