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| Nice job selling ahead. The AUG WASDE Report is coming up. Stick to the game plan and cover your downside risk. Take your Z-H 12 cent carry. At $50 round turn, 10 contracts cost $500 in commission to roll and gain 6k in value on your short side. BUY 10 CZ, SELL 10 CH. Essentially you get paid 12 cents a bushel to carry and more time to trade basis (should be higher post harvest) Store and lift H shorts when you see a basis you are happy with. | |
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