same idea as the wheat trade using a calendar to get long the corn curve
Comment:
The corn crop coming in is massive this will cause a reduction in planting but this spread maybe on to soon so might grab any profit, (I have seen 62.5) and then re position to take advantage of the crop reduction next year. Remember this only took about 700 in buying power so even 70 is 10%
Comment:
seen $100 on a trade that needed $700 to hold so will take profit and look at reset, so will be publishing new idea when done
Comment:
I know these trades are less than what I think everyone expected, including myself. The reason I cut early is the quantity of the new crops in both wheat and corn coming in at record levels had me thinking as the countries finish the harvest the price will get further depressed. So I think the best thing to do is let that settle in and then take advantage of the reduced planting size next crop because of depressed prices.
