Have been long a few contracts since $15 range, smooth ride to $24~$25. But it has been going sideways since mid-March. Wondering if it is going to turn soon. I am in Aug/Oct 22 contracts. No idea about fundamentals since I am just trending following with TA.
OMG a milk future trader. @TraDaToR Get over here, this one's for you! Woohoo! Love dem funky contracts!
Dan Schindler remains bullish on the fundamentals for now. Just received his quarterly analysis on Apr. 18th. I've been in his dairy program for ~15 years. https://www.iasg.com/en/groups/schindler-capital-management-llc/programs/dairy-advantage-program
ok, most of my strats hit exit in the past few days, only 1 Aug contract hanging on. It has been a good run.
Today was excellent day for me to short highs in July contract, I don't do fundamentals, just adding onto position. Milk just too high.
Hope you are right. Mine switched to short (August) a couple of days ago, and it is going up ever since.