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NCND | Yes agree hence I'd be selling dec17 and rolling flat to better. You'll manage the position and get that 35 cents I feel.
Spring wheat a bit tougher to get way out due to thin trading. Trust me I've been there done that.
625 a year out is not going to get any attention from producers. Maybe I'm wrong. It they are gun shy when they are still waiting for their 2017 crop to germ.
Historically this was due. The 2015 crop hit these levels and still had a massive carry built in Because of fires in Alberta. We have way fewer acres now than back then. We need to go higher still and we shall. Hrsw has been in a bear market for 9 years. Corn market is only 5 years old. We are way closer to the light at end of tunnel than you guys.
Heck 2014 printed north of a 7 handle I think so we still got plenty room to run. I'll watch spreads. But they keep inverting more so we are not done.
Edited by vailcat 6/19/2017 20:19
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Our new weekly gap has set the standard again!
