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...
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.
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.