Ag trade ideas

Short 2 S NOV15/Long 5 DEC15 at 2.573 ratio
Short 2 S NOV15 at 9.43

Soybean is both the most expensive commodity and the largest stock on use ratio..
Soybean market is in backwardation which often happens on a very tight market.
Then or the soybean market is wrong or the USDA is wrong.
How USDA stocks estimates could be bad ?

 

Even 2 days before I think... Check out on the website there is a table of deadlines per product somewhere...

 

You meant 5 ZC Dec15 right? Will perhaps join you soon, perhaps after grain acreage...

 

Out @ 0.04. This spread obviously still has some room to go but I rolled it into Mar/Jul which has more potential and a strong seasonal bia into 2016.

 

So new position . Short Mar / Jul 16 soyoil @ 0.04

 

Short MWH16 / Long WH16 @ 56.25. SRW crop condition trouble + seasonal tendency. I hope HRS will get moisture though for this spread to perform.

 

Damn... I almost bought White sugar front spread last week with the double bottom and the rumor of a new giant delivery...I thought I was falling in anew sugar trap...F*** me.

 

Short Dec/Mar/May Chi wheat butterfly @ -3.25.

 

Here @ 2. You perhaps have one of the best R/R trade in a long time...

 

Why do we have this new bull market starting just when I am going on vacation?