Recent content by CraigSam

Your bean spread does look interesting; is in a good seasonal timeframe until early June, near multi-year lows, and looks like it has barely enough volume in the May contract. I wish I had been watching it when it hit -15 a few days ago, as opposed to -11 today. On my watch list, and thanks...

Last correction: 3 Z-U to 1 Z-N. QC is not working properly today. ;)

Actually, 3 Z-U to 3 Z-N. Sorry

You must have started your corn/wheat spreads in the summer. I had a good run in spring, got pounded in early summer, did OK late summer. The spring run overcame the summer losses. I did just OK with soybeans, meal, and oil last year, with most of the loss coming on two positions where I...

I actually got the idea for the ZC-ZU from SeasonAlgo using the demo about a month ago, so I appreciate the help. You can find my email based on my Trade2Win name. I'd already been in and out of the ZC-ZN spread once before.

I wasn't sure there was anyone else out there! :D I actually got back in to ZCZ3-ZCU3 and ZCZ3-ZCN3 early last week at -.32 and -1.30, respectively, as I liked the price action which appeared to be stable at those levels after the crop progress report turbulence. I sized these two related...

Personality test based on C. Jung and I. Briggs Myers type theory

Out at approximately -.38. :( I'll do a postmortem later after the crop progress report is released in a little over 8 hours.

Vice versa from previous post and apologies: high demand old crop (through Sep) versus new crop (Dec) high yield currently forecast. Sep up, Dec down which is not good for a bear spread.

It's now to a critical time on Monday with the weekly crop progress report late in the day. Spread is at about -.36 at a good stop point. Depending on price action during the day, it may be time to get out. The spread headed the wrong way all day Friday based on shortages new crop versus high...

I didn't like the post-WASDE price action on Monday in my other correlated corn spread, ZCZ3-ZCN3, so got out of it completely and increased my position in ZCZ3-ZCU3. I have more confidence in the latter as it has less potential volatility. Currently, it's around -.30.

Based on the firm hold at support for the spread a couple hours after the report, I added to the position. Now we watch for the normal seasonal influences to move the spread up through June (or not as the case may be).

WASDE produced a lot of volatility, but essentially no change in the spread price now 5 minutes after the release. Back in to full correlated position, and back to monitoring. ☺

Sorry, meant ZCZ-ZCU spread, corn, not 10-yr bond futures, ZN. On my mind since Japanese bonds locked limit down, and ZN US futures were also down.

Lightened up my correlated position for the WASDE report as I don't like the pre-report action in that spread, but left the ZNZ-ZNU spread unchanged as it appeared to be OK. We'll see in a little over three hours.