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HRW Wheat carry vs rally.
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JonSCKs
Posted 6/20/2017 09:46 (#6080421)
Subject: HRW Wheat carry vs rally.


There's 18 cents carry for holding out for the July to switch to the Sept here in a few weeks.. that's pretty good!!  AND there's another $.25 for going out to the DEC.. !!  $0.43 better to move grain on the Dec post Sept 1 vs selling today..

I'm amazed that the carry has held in there.. I've been selling the Dec and the March and binning.. which I assume that most of the coops are also.. hence keeping the cash off the nearby.. which the market needs.. hence fueling the rally... ???  

So I realize we are on multi year lows.. and the funds have been short.. but selling $5 futures.. How is this gonna work out?

Does the Sept come down.. $0.18 when July goes off the board?  or does the rocket shot continue..??

Does the Carry come out as the rally continues?
or what??

Seems like the market wants more cash.. but the owners are selling the carry instead and binning.. IF that pops.. could be interesting.. maybe it doesn't.. 

... idk.

??



Edited by JonSCKs 6/20/2017 09:53
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