Corn September 2013 contract is literally a separate product from this year's corn and it's price is inflated along with this year's corn by the drought. It is overpriced and trading above its fundamental value. Unless there's another drought next year, it's price shouldn't be so high.
silicon_beaver 发表于 2012-9-12 01:09 AM
Well,
bad weather might pump up foods price.
No one knows what the weather is for next year. However next year's corn is not the same product as this year's corn. Sep 2013 corn went up from around 540 to above 680 now because of drought news. I believe there's trade potential and it is overpriced.
Also because corn price went up, farmers are likely to lock in price using futures, and plant more corn for next year thus increasing supply.
The chart for C U13 is dead, here's the chart as of now.
An update on this trade...CU13 went up a good amount, luckily this is still a pretty profitable trade if you got in around Sep 10.
I still believe next year's corn is a different product, and current price is too high. However it won't hurt to take some profit or set a stop because the feeling of letting a profitable trade become a losing trade really sucks
狗仔卡
发表于 2012-9-10 11:30 AM
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发表于 2012-9-11 07:43 PM
