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Ol’ Wisco | Option markets are implying a 34% chance of going to the 435' area and equally as probable chance going to 345' area. Implied Volatility has been "blah" all summer peaking around 26.5%ish area but hanging around 20-22.5% for most of the season this shows traders don't expect dramatic vertical rally or sell off of any nature. Merchandisers widen basis dramatically as futures went up multiple times. A sign they are have no reason to raise bids as there is plenty of grain to be pulled out of the countryside. | |
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Why are we not trading a possible "futures" disaster.
