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Buxton ND | I don't read today's spreads as bullish OR bearish. Just an UN-Godly wild day and IMO some major HFT's
If your a spread trader in beans and bean products you need to whole bottle of whisky after that one.
ALL winter long the ZSN/X16 spread ranged .06 - .07,,,,,,,,,,, it did that range in the final 5 minutes of the close.
Wild stuff like this is what's bankrupts folks guys.
Wild stuff like this is why I HEDGE beans only, NEVER have and NEVER will spec trade them.
April 20th, that was the first wild day in these spreads ranging .22
May 20th is the 2nd with today being .20
*****What will June 20th bring ? I sure as heck would not stick around to find out*****
Watch from the cheap seats and yet the big boy play ZSN with UN-real deep pockets to play the game.
Cornstalk should have said stay out of N not X, who knows what will happen by the time it expires. | |
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Bean Market is Hokey
