Ag trade ideas

Wheat? Corn? Anyone?

 

http://www.reuters.com/article/global-grains-idAFL4N1I40G5

 

KC Wheat is where all the action is this week. Angie Setzer (great ag follow on Twitter as "GoddessofGrain") is posting picture after picture of dead wheat stalks covered in snow.

 

Can't believe the run cattle has made in last week !

Wheat puttered out quickly

Corn too

 

NX beans is the next trade I'm looking at I'm long from 3 was trading around 7-8 today

 

Is it normal for the spreads to go completely crazy when near term prices get squeezed like they did in live cattle? The June/Aug spread jumped over 5cents the last few days.

 

Long NY Cocoa UZ17 (disclaimer: has a lot of front-month correlation):

 

What is the basis of your trade apart from the technical setup? I can find a case for being long cocoa outright( Curve is bullish in NY ) but not really this spread. I haven't studied fundamentals though...

 

Honestly, this one is more of an outright-in-mentality trade than targeting a specific spread. Targeting +10.

 

London-NY Cocoa Arb (in $/mt):