i think wheat is done but every day limit up or limit down and it doesnt even phase anyone anymore. My stomach for loss and gain is now iron strong at least heh heh. anyways my wheat spreads are really starting to when. I was buying KC and selling Chicago at break even or better and looking to take at least 30 cents of those and the ones that im really waiting for to unwind are the reverse carry. Instead of buy march selly which went from 16 cents under to 2.64 of a high, waited for top and then bought july and sold march it's now sitting at around 1.70. its been a great year
Avg short around 900. Bought some back on the way down. Now holding a little to see how far it drops. Not sure if 800 is the floor.