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| Good advice of course. I don't think personally this is a blow off. I do think it a whip back in place from the blow off downward last fall. We have a 19 dollar negative basis to cash. dec is still trading at 121. That wouldn't be very high for dec 5 year avg. hardly a blowoff. None the less, if this is a comfortable spot for producers, sell the board.
https://www.barchart.com/futures/quotes/LEM17/interactive-chart
Edited by redrobin 5/4/2017 05:48
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If I was a regional packer
