Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
If you put the long soy bean oil/short meal or bean spread on, might want to take profits here. Much further to run, but we are at the lower end of the bean trading range now. Something to consider. WASDE screwed the longs and the shorts. That is normal. Futures recovering and closing near unchanged today would also be normal. The long bean oil/short meal or beans might be the top winning spread for 2018. Bean oil sensitive to crude and economic growth. Prices also beat up and select world oilseed stocks have been declining. We are already in a defacto embargo with China, but with the Chinese trade delegation returning to the U.S. for talks, makes sense for the late May tariffs to be postponed. In other words, a trading pop higher.