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Ontario's middle east | I've been a little behind lately and just caught your reference to Newsome below. I kinda forgot about that deal but his premise was that he was bullish beans because the spreads weren't paying cost of carry. (beans never pay cost carry, but that's another whole thread) I'm not going to go back and dig up the thread but my question was pretty straight forward, something to the effect that the spreads have been bullish for the last 2 years while the market slid $5/ bu, so what has changed that makes the calendar spreads predictive now? Now here we sit $1.30 lower on SX5 than when we were in Phoenix. Is he still singing the same tune???? I admire consistency..... :0) | |
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SAT, Commodity Classic and bean spreads
