I bought a tiny long CBOT wheat/ short corn position today as the wheat premium declined. Also held on to a smallish long oats/short corn position. I was expecting the oats to underperform in a bull market, but I am surprised that oats are losing ground in this sell-off.
I did have to venture back into the long July MGEX/short CBOT wheat position today--and at higher levels than I exited yesterday...
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