Ag trade ideas

Tradator, I followed you on the Sep/Dec wheat trade as well. I am back in ZM also at about the 5.1.

I bought the 550 call on KW last week but of course sold it early, I have GOT to work on thinking longer term. Would have been quite a nice winner.

 

This one is really long term, to be closed this spring/summer near full carry. You have to follow the variable storage rate on wheat.

 

In a committed effort to work on holding stuff for longer, I will do the same also. And not to mention it uses hardly any margin. I just have on 2 for now.

 

Best trade from a long time
Long Euronext wheat MAY15 - Short CBOT Wheat around 20 €/t
Because Europe is exporting really fast (1.6 Mt of export certificate last month)
Because Senalia (Rouen storage operator) send a mail saying that they will open saturday to face the wheat loading in next months
Because US exports path is kind of slow

 

Wheat Carry

 

Thanks for posting that, I have access to a terminal through school, I need to put it to use on this stuff.

 

Is it pretty normal for wheat to trade this far away from full carry in the first few expirations?

 

Here it is. -5000$. It would have been my exit without this stupid mistake. I think there is not much left on the upside.

 

Greenie, what is your platform? I would love to get all my spread displayed as % of full carry...I need to use a spreadsheet every time.

 

Bloomberg. For execution, I mostly just use BB tradebook.