Are any of you all long cotton right now? I had a buddy that works for a firm tell me there was something up with the planting. Going to call him after work and get the scoop.
Just for future reference - absent USDA or meteorological data or other such strong fundamental drivers; Cotton follows the US Dollar pretty well.
Beware that China is expected to start selling its gigantic stocks so it should pressure the market down.
Long Sep / Short Nov Robusta coffee @ -12 as a propagation of what is happening in front month Jul. Whether it is because of El Nino in Vietnam or simply the roll( Just read this from a specialist... ), there is no reason it wouldn't affect Sep as well in due time. Plus the risk is really assymetric here...
@TraDaToR I just check your trade and I find that if the spread follow the same trip as the last expiries it should decrease after the 6 th july. It's not that assymetrical because it can goes to -40 P.S. : Does everyone consider that this spread is at -12 because for me its +12 (NOV-SEP) ?
You mean Sep/nov from previous years or previous expiries? Right now Jul/sep is at 110 so 38 to 122 R/R is assymetrical enough. I quote them as most Platform and old pit traders do , front - deferred. I used to quote it like you the IB way.