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WC IN | This looks too easy... Bids for beans are between $13-14 and sep is in delivery sitting at $10.83... And there were no deliveries today... And who in thier right mind would deliver with futures at a $3 discount...And last trading day is sep 12th.... And Forcast is rainy.... And only a small portion of the crop will be harvested before sep 12th... I'm going long su at $10.83 and short sx at $10.23 that's 60 cents spread... I was wrong Sunday when Tara asked and I might be wrong now but this market must converge on or before sep 12 th.
I would like to hear the argument for the other side of this trade
Don't tell me it's risky... Been there done that...tell me why I'm wrong... | |
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September beans
