Posted 11/13/2012 13:47 (#2694975 - in reply to #2694936) Subject: Re: options market is mispricing futures, ja
Pofarmer 23% world stocks/use in beans and 25.8% in wheat. Beans near high end of the last 20+ years. Highest = 28% Lowest = 12% Wheat towards the lower middle of the range over same timeframe. Highest = 36% and lowest = 20%. Only one other year wheat has traded higher than this year in history, yet world stocks/use have been tighter than this on 5 previous occasions since 1993.
options market is mispricing futures, ja
