OK, time to start making some money from logistics.
Buy may and sell july, no threat of delivery because of
logistics, millers running short of product, artificial
shortage created much like in oat futures. Shorts do
not have product at hand, will show up in closest
contract, May will appreciate relative to july. explained
fairly well here, written some time ago
http://www.theagadvance.com/web-
articles/business/blog-jan-2014/transportation-
woes-impact-wheat-contract.aspx
Buy may and sell july, no threat of delivery because of
logistics, millers running short of product, artificial
shortage created much like in oat futures. Shorts do
not have product at hand, will show up in closest
contract, May will appreciate relative to july. explained
fairly well here, written some time ago
http://www.theagadvance.com/web-
articles/business/blog-jan-2014/transportation-
woes-impact-wheat-contract.aspx