To Grain Spread Traders!! Get ready to rumble!!!! 60% of chances this could be the tight supply year. But, you never know till mid summer. Don't forget the famous quote: It is not what you plant, it is what you grow. Corn is catching up with $14 beans for now. Look out on the following spead cz11/cz12 cn11/cz11 sx11/sx12 Get ready to RUMBLE!!
N/Z corn trading between 1.20 and 1.30 for most of the past two weeks with most analysts calling for $8.00 + N corn. However, K wheat actually less than k corn, have not seen that since 1996. Wheat will displace some corn in feed rations and affect N/Z corn , question is how much ? Wheat displacing corn should help reduce wheat stocks at least to some extent. Regards, local
N1/Z1 Old / New crop spread technically strong .. Inside day in the old crop while the complex is under pressure New crop still in a channel new crop breaks down under 660 on a closing basis I am adding more to this idea.. Looking for additional feedback from Interested parties. mtx
Don't like those old crop spreads although it is getting fairly wide. Look back at what happened this past year, not much opportunity, as I mentioned previously I think this is because of the composition of the open interest. Having said that, at 25 cents there probably isn't much risk. Regards, local
z11/z12 spread took profit last month. Awaiting to go back in again if the opportunity is given based on the the corn/beans ratio