This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on Monday, May 16, 2016.
With Friday’s commitment of Traders showing soybeans with a heavy net long position, and support starting to break on the Nov/July spread, I’d like to attempt to catch a ride back toward -0.05, where we spent the better part of six months recently.
Seasonally, I expect the premium should start to move toward Nov, (where the crop has a full growing season ahead) vs. the old crop supply (July) which is better known at this point.
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