Here I was able to point out the likely weaker levels that would show up based on an analysis of the cash and carry trade.
With the flat price sell off, firmer basis levels seemed plausible, and I was able to point out that there was bullish potential in Aug-Sep. I further expected that if Aug-Sep rallied, it would pull Sep-Nov along with it firmer, … Read More
After an impressive rally in new crop bean spreads, I had indicated that there could likely be a bearish correction. Much of that correction seems to have already come by the open on Monday morning, but that has been a … Read More
After watching the bean spreads aggressively price in the production risks from weather, I had pointed out that corn spreads were lagging behind, and likely had a good amount of catching up to do, which they did in dramatic fashion, … Read More
Based upon what the cash markets were doing, as well as past behavior of earlier spreads, I was able to point out the bullish potential in this spread at a time when it was very cheap relative to where it … Read More