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Ontario's middle east | No I'm saying hedge the backend if you are using the board.... carry is ok already... not great but good if the "crop's not there" mantra is true. If it's going straight to town, you may just do a cash sale so you are using z. I'm cautioning that as U expires Z may fall to the u level and you pass up the chance to sell that carry. Check it out. This years z-h, h-k, k-n, n-u.... it happens in supply driven markets. The link between basis, cash and spreads is alive and well.... | |
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Instead of playing pin the tail on the crop all the time
