after smashing their previous high of wheat holding 2.50 cent premium to dec corn and getting all the way to 5.60 the spread has now resumed "normalcy" to 3.71. any experienced ag traders like this spread at this level??
The "spread" trades much more like an outright wheat position, unless you're going to try different ratios to give more weight to the corn leg of the spread.
Didn't like this spread till you started talking about it. Not to crazy about the march but will personally try to get some july done. Fundamentals in favor more hear anyway.