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Veteran Advisor
c-x-1
Posts: 3,263
Registered: ‎06-26-2012
0

C/B prompt spread strength-Ray

[ Edited ]

Ray,

you may be able to explain the implications of what's going on here better than I - ALL I know is this indicative of 2 mkts which are expressing extreme near term s/d tightness.

 

the May/Jul bean spread is +42 since Apr.5 . flat May is only + 62 since then.

 

the May/Jul corn spread is +13^4 since same date. flat May is only + 12 since then.

 

-----something is going on-------------anyone????

 

thanks

Senior Contributor
NDf
Posts: 329
Registered: ‎05-13-2010
0

Re: C/B prompt spread strength-Ray

Seems to me you answered your own question; tight supplies. Commercials are setting up to take delivery of the May futures contract.