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West-Central Missouri | Could Someone Explain to me how it works to roll an HTA. Currently I have one on soybeans. I did an HTA as I did not want to set the basis at that time. I am not familiar at all with rolling HTA's month to month so if someone would explain to me how it works, or has a source to explain it clearly that would be great. So here is the scenario:
Set on March Futures for Feb delivery on 12/7/16 at $10.60. Possible Scenario rolling from March to July
12/7/16: ZSH17 : 10.60 ZSN17 : 10.72 = $.12 Carry
01/6/17: ZSH17 : 9.95 ZSN17: 10.12 = $.17 Carry
HTA Fee was Dec-Mar = $.02
Dec-Jul = $.06
With 1 Free roll
Edit:
12/7/16 Basis was: $-.45 ZSH17 Feb Delivery / -.35 ZSN17 July Delivery
01/6/17 Basis is $-.45 ZSH17 Feb Delivery / -.30 ZSN17 July Delivery
Thanks!
Edited by gbryce 1/7/2017 09:43
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Rolling a Soybean HTA from March to July
