ECBOT Wheat Spreads

[ogarbitrage]

Anyone looking at k2/u2 or n2/u2 from a bull-spread perspective?

 

[stoic]

Quote from ogarbitrage:

Anyone looking at k2/u2 or n2/u2 from a bull-spread perspective?

I follow most of the commodity spreads and have the data for the wheat back to 1975.

Long what and short what?

 

[rt5909]

yes, and n/z KCBT

 

[RobertG]

Long K2/Short U2

Long N2/Short U2

Am I correct?

RG

 

[ogarbitrage]

Quote from RobertG:

Long K2/Short U2

Long N2/Short U2

Am I correct?

RG

Correct. I was looking at them from a full-carry perspective, but I was recently informed about the variable storage costs inherent w/ wheat markets. With the VSCs in mind, not sure either spread has reached the threshold yet - might be too early.

 

[stoic]

Quote from ogarbitrage:

- might be too early.

My Review of the first spread K vs. U

 

[ogarbitrage]

Quote from stoic:

My Review of the first spread K vs. U

Levels today might represent the opposite trade apparently. Short K, long U.

 

[number22]

Today, wheat kicked me really hard, why wheat rallied so hard today than corn and soybean?
USDA reports said Wheat supplies are increasing, oh well,