Monday's Crop Progress Report came out surprisingly good. Per week was increased 43% area sown. 71% are near five-year average for this date (79%). And the greatest progress is in key states.
CropProg-05-20-2013.pdf
Crop Progress
by paja1 » Wed May 22, 2013 11:18 pm
by paja1 » Thu May 23, 2013 1:14 pm
by paja1 » Tue May 28, 2013 1:39 pm
by paja1 » Thu May 30, 2013 12:32 pm
by paja1 » Wed Jun 12, 2013 6:12 pm
by paja1 » Wed Oct 09, 2013 5:15 pm
rainmakerdealmaker wrote:The USDA Reports are managed by ex-president coming from Big Corporations who have a clear interest to drop Corn Prices.
4$ corn Was premeditated, this is Big money in the Grain/Ethanol.
Sell CZ buy CH.
The thecnicals are trending but I will not enter a spread if I don't get at least 60% of the ACTUAL fundamentals.
Fundamentals: most commercial with farmers will buy the MARch and sell the DECember.
I suggest a very low risk spread CH/CZ. Check for seasonality with Season Algo (but don't look 2 yrs go more with +10 yrs)
t= 84 days
i= 5,25%
Spot=442
Spread=12
+12 (cover 225% of the carry cost) or any spread below that
Objective: +16 , sell it (295% of carry costs)above fair value
Good Luck, and see you in 84 days or Before.
http://jacquessimon506.wordpress.com/