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Ontario's middle east | that is sell beans Sept 9 and then start tracking the dead cat bounce. Most reliable seasonal move is lower from sept crop report to oct 1ish, then a recovery out through nov. aka the dead cat bounce. The DCB usually lets you sell near the high and so it is a sound strategy. I always maintain corn holds more urgency to get forward selling done than beans. I believe the term structure is a big part of that. The bean inversions have pulled up the deferred over time where as the corn carry has eroded the deferred....z off at mid 3.50s, h off at mid 3.50s , now k is wallowing around there. Next up July. In the meantime z7 drops down 1 lego at a time. | |
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Roy Smith
