I don't trade wheat and won't be taking this trade. I just want keep an accurate log of this idea.
The spreads have stopped dropping and are rising while the front month price has continued to sell off. In addition the price of wheat has been in a steady downtrend with in increased rate downward lately, so may be a climax of selling.
Seasonally wheat should bottom mid august to late September.
The spreads have stopped dropping and are rising while the front month price has continued to sell off. In addition the price of wheat has been in a steady downtrend with in increased rate downward lately, so may be a climax of selling.
Seasonally wheat should bottom mid august to late September.