dec Kansas trading .25ish premium to dec minny and trend continuing. Should be other way around...but logistic concerns playing out that far? Or is this foreshadowing a made in America supply/demand issue? Was thinking playing short Kansas/long minny out there, based on potential risk/quality concerns a year out, but maybe the rhetoric has our old crop adding to new supply creating this inverse.
Could see short term, Kansas over minny playing out so not sure I wanna play that spread. Upside potential based on the charts shows minny in a 5-20 $ range relative to Kansas which is 11,12,13$?
Thots on this spread? Could or why should this spread continue the course? Isn't a HRS substitution a better deal than Kansas specs per unit/$ wheat?
Could see short term, Kansas over minny playing out so not sure I wanna play that spread. Upside potential based on the charts shows minny in a 5-20 $ range relative to Kansas which is 11,12,13$?
Thots on this spread? Could or why should this spread continue the course? Isn't a HRS substitution a better deal than Kansas specs per unit/$ wheat?