Info on the crack spread question

O

oldtime

If you don't want to reply, save me some time and just give me the link.

If I'm long 5000 bu of beans and I'm short 60,000 lbs of oil, how do I compute the percentage spread?

How many bushels of beans does it usually take to make 60,000 lbs of oil?

I know it's out there, probably on the CME website, or I can just keep googling.

Hopefully I am just lazy, but sometimes I worry I'm getting tired.
 
Hello.

The Cost to be lazy into the Agricultural Markets is,

except of anything else,

to have significant Losses.

If you do not make the Homework by your Side for that,

why to do the other People,

that Work for you in such Case ?

So, start to work or exit from this Position.

Sincerely,

George Kanellopoulos.
 
Is that some kind of new age haiku?

I'd love to discuss with you the merits of laziness.

At the moment I'm up $400 in the beans and down $175 in the oil.

All I want to know is what I'm trading.

I don't know if they still do this, but in the old days, once a year somebody would throw a handful of beans in the pit at the CBOT just so everybody would know what they're trading.

But if that was meant to be advice, then thank you
 
Thanks guys. Daggone, between beans meal and oil there's probably enough fundamentals to occupy a man for the rest of his life.

Start spreading some of that against corn and you could easily lose your mind (not too mention your account)
 
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