Close to pulling the trigger on KWK/WK. Starting to build some strength here into a strong time of year.
Really good trade so far ... approx. -8200$ for 2700 dollar profit. How much longer are you holding? What is your exit signal?
My target is around -5000$ margin. The problem is that Live Cattle will be pressured in the index rejig in the next few weeks. It's an interesting trade because it is scalable. You can try to make 50-100K out of it if you want...
Short Soybeans/ Long Wheat soon... Guys in the office starting to get bullish on cotton and sugar...thoughts?
The soy/wheat trade worked well seasonally in the last 10 years and it makes sense fundamentally in 2015... I have no idea for sugar and Cotton. Why do they think these markets will recover? Every piece of news seems bearish lately.
I am thinking soy/wheat or soy/soy oil. What do you think? For sugar and cotton, those guys trading that in my office are mainly on the physical side, so based on their information they are getting , they are starting to feel bullish. I do agree with you though, it seems premature to go long in cotton/sugar.