corn spreads

EMG, think you may be right on the Z11/Z12 corn, bought it today at 34 1/2. Looks like it may take some time to do anything.

Regards,local
 
Good Evening:

I went long the ZC H1-ZC Z1 spread @ + $.68 on Friday of last week.

I still think the bull spread can work for the next few weeks.

Once the month of March rolls around, I will be looking to short the ZC N1-ZC Z1 spread.

But for now, I will ride the ZC H1-ZC Z1.

Anyone else playing any corn spreads right now?
 
Quote from local:

EMG, think you may be right on the Z11/Z12 corn, bought it today at 34 1/2. Looks like it may take some time to do anything.

Regards,local
More...

u should up big!!
 
Corn spreads have worked out well, really like n/z after usda's report last week. The only thing working against it may be the composition of the open interest.

Regards, local
 
The N/Z spread out to new highs today, 108, Z11 corn appears to be the weak link, hearing reports of large increases in corn acreage next yesr. $6.00 new crop corn will do that. If that is the case, Z11/Z12 may start stabilizing. Ideas ?

Regards, local
 
Quote from local:

The N/Z spread out to new highs today, 108, Z11 corn appears to be the weak link, hearing reports of large increases in corn acreage next yesr. $6.00 new crop corn will do that. If that is the case, Z11/Z12 may start stabilizing. Ideas ?

Regards, local
More...

the 92 million acre USDA acreage estimate is based on data compiled 3 months ago, but you got $14 beans fighting aginst $6 new crop corn. I'd sell the Z-Z late June. not a moment sooner. sell the Z11 / Z12 LATE June.
the Average High is the first week of July in tight supply years
 
Quote from emg:

the 92 million acre USDA acreage estimate is based on data compiled 3 months ago, but you got $14 beans fighting aginst $6 new crop corn. I'd sell the Z-Z late June. not a moment sooner. sell the Z11 / Z12 LATE June.
the Average High is the first week of July in tight supply years
More...

Yes, it is premature to short z11/z12, butterfly spread N/Z11/Z12 would probably work. Watch N/Z, value is embelished towards the close. Beans closer to $13.30 now, not sure if it is going to be high enough to atttract acres.

Regards, local
 
N/Z corn closed at it's highs, $1.13, up 9 1/2 on the day. Z11/Z12 struggled, closed lower, large volumes trading at the lows of the day. Th N/Z action reminds me of my days on the floor, whenever the sqeeze was on, be abuyer of the spread at 1 o'clock, old trick, some things never change.

Regards, local
 
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!
 
You must log in or register to reply here.
Back
Top