Kansas / Chicago wheat Dec03

[Andreas]

This seasonal spread did not really take off so far this year. There is still a chance provided the uptrend line holds, and resistance at 4.75 is broken.
If this happens, there is a good chance the December Minneapolis / Chicago wheat spread will follow.

 

[josbarr]

Wheat Outlook USDA

The full report--containing text, tables, and graphics--of the November
WHEAT OUTLOOK is now available in PDF format. You are able to view
this publication at:

http://www.ers.usda.gov/publications/so/view.asp?f=field/whs-bb/

Acrobat Reader 4.0 or higher is required to view and print this
document. To download and get help using the Adobe Acrobat Reader,
please go to:

http://www.adobe.com/products/acrobat/readstep.html

The next release of WHEAT OUTLOOK text and tables will be on December
15, 2003. This report examines U.S. supply, use, prices, and trade
for wheat, including data and information on U.S. wheat by class, and
supply and demand prospects in major importing and exporting
countries.

 

[bgold]

Andreas,
What are your target and stop for this trade? Maturity seems a bit short? thanks

 

[Andreas]

bgold,

Actually it is too late now for this spread, with expiration coming soon. Same for the MWZ/WZ even though it looks a little bit better. Normally this spread starts to work around August/September, sometimes as early as July. Last year October KWZ was more than $1 over WZ, with the spread starting to go up in July. This year it just did not work. This happens sometimes. It only shows that seasonality is not a law written in stone. I am still keeping an eye on the same spreads in the March04 contracts, but so far I am not overly impressed.

Best regards and good trades,
Andreas

 

[tanflorence]

hi, i am new to this site.
My name is Tan Florence in Texas.
My hobby is playing Poker.
I am very interesting to see this forum.
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Kansas Drug Addiction

 

[anirbanghosh001]

Chicago corn futures prices finished slightly lower, while soybean futures tumbled.Kansas City Value Line stock-index futures also fell.Local wheat traders said there had been some speculation that wheat futures prices could make a technical rebound Wednesday after falling Monday and Tuesday.

Anirban

Kansas Drug Addiction