Kansas / Chicago wheat Dec03

Andreas

Active member
109 0
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.
 

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josbarr

Active member
214 2
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

Established member
532 5
Andreas,
What are your target and stop for this trade? Maturity seems a bit short? thanks
 

Andreas

Active member
109 0
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

Newbie
1 0
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
 
Last edited:

anirbanghosh001

Newbie
1 0
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
 
 
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