This is an inter-commodity spread because it is a spread trade between two different markets. The seasonal window for this spread is from March 22nd to April 13th.
Seasonal Futures Trading
This blog update is highlighting the Market Action Alert Soybean Spread entry that was released and sent to subscribers of the Market Dimensions advisory 1/5/15. This is the 2nd spread entry for the month of January 2016. If you would like to follow these Market Action Alerts, as well as my short term futures trades, contained with-in my MDA SnapShot, I encourage you to sign up for your FREE subscription to the service.
MRCI December 2015 Trade Review: July 2016 Chicago Wheat vs March 2016 Chicago Wheat This month we will be looking at the MRCI July 2016 Wheat vs March 2016 Wheat bear futures spread. According to MRCI’s Spread Outlook report “The new winter wheat crop is in the ground and will be vulnerable throughout winter and… Read more.
Our Heating Oil position is continuing to move in our favor another session. This spread position just put in another low @ -.1582 (That is 702 ticks or $2948 of profit before fees). The January heating oil has an expiration of 12/31/15. So we do have a small window of time left on this trade.
Look at the breakdown in heating oil today! We are hitting on 15 year low prices in this spread relationship. Our position is really moving in our direction. At the time of this update the spread position traded last @ -.1332 (+$1898 before fees.) I wanted to provide an update on our position and see where we may go from here.
This month we will be looking at the MRCI March 16 vs Feb 16 Natural Gas bear futures spread. According to MRCI’s Spread Outlook report “The heating season begins November. As temperatures get progressively colder, distributors sell more gas into the retail market. January is historically the coldest month of the year, with supply typically… Read more.
This month we will be looking at the MRCI April 16 Lean Hogs vs April 16 Live Cattle inter-commodity spread trade. According to MRCI’s Spread Outlook report “A new cold storage season for pork begins November 1, generating a background of demand for hogs, and retail grocers will feature pork over beef for the holidays. … Read more.
September Corn vs. December Corn is a trade we have been involved in every year since 2011 in Turner’s Take. In certain years we have even referred to it as our “bread and butter” trade. I have already received a few emails and calls about it. We are going to give this one a pass… Read more.