Discussion in 'Commodity Futures' started by stoic, Feb 16, 2012.
Long Jul. 2012 Soybeans @ 1277.50
Short Jul. 2012 Soy Meal @ 337.30
I like that trade. Well done. Especially if we get some further settlements above that trendline.
I would do that spread, but I am already long July-Nov Beans and I would not want to compound forward curve risk in that space.
I'm long May-July Sugar as well, but it does not appear that those forward curves correlate to US Grains to any extent.
Exited positions @ 9:50 CT
Sell to close Jul 2012 Soybeans @ 1392.25
Buy to Close Jul 2012 Soy Meal @ 378.90
= gain of $1,577.50 per spread.
Biggest draw down (based on settle price) -$50.00 on 02/16/12
Great call on your spread. Good one - I had seen that one, liked it, but didn't want to compound the long forward curve risk I already had going on in the US grain space even though yours is clearly a crush and the dynamics for products are clearly a bit different. I got out of my long Soybean July-Nov Calendar and the Sugar #11 May-July Calendar last week.
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