Friday, May 6, 2011
What Would I Like to See?
To get me back in the market-- right now-- I would have to see MGEX wheat around 30 cents cheaper versus either KC or CBOT. And that's assuming all the weather and supply fundamentals are still the same. Then I would buy MGEX on an intermarket spread. Or I would buy an MGEX July/Sep calendar spread at a 10-12 cent contango. That's about it. Highly risk averse right now.
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