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NCND | I don't have it on me. That tidbit was making the rounds this winter and that was the sleeping giant in the room all the guys were and have talked about in my trading circles, merchandiser folks. Didn't feel the need to advertise it one bit either. After all when knowledged is known by all what is point in knowing it? It is reason I did plenty wheat this year and sat on a ton of old crop.
The spreads have been hinting at it also since the carry went flat in front months from last June to December of this year. THings got way tighter and the market was showing it to us all in the spreads but no one wanted to really talk about it. It was one of those once every few year trading moves where a guy could confidently get in out front and sit back. She is going higher still but the easy money with no volatility is over with.
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Spring Wheat vs Soybeans.. what gives?
