Ag trade ideas

'WZ" not 'WE'

 

Out@ -2.1 for a 1 tick loss. No move despite an other bullish piece of news out of China. No love for soymeal this year.

 

Out @ -5.8 (might re-enter again lower if it drops).

 

Put on a 4:2:1 ratio cattle crush 11/28 plan on holding into holidays

 

Long KW/ZW jul18 spread @ 4 this morning( you can get a better entry price by now ...)

- Winter wheat conditions are deteriorating in HRW states like Kansas and Oklahoma for the future 2018 crop.
- Stocks to use ratios are both burdensome but more so for SRW;
-Good seasonality until expiry

 

Really like this trade. I’m long KW outright and long ZW/ZC

 

Thanks.May I ask which months you are trading for the cattle crush?

 

LEM:GFF:ZCH

 

Also for December, deliveries of SRW at the exchange > expected whereas HRW deliveries < expected. It supports the theory.

 

Perhaps your exit wasn't the best, but your entry was damn good.