May and July canola both closed at 411.50. Can someone with some marketing savvy/experience tell me what it means when the price is the same for two separate months? What are related strategies?
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Rook;
Normally there is a "Spread" to pay interest and storage in the futures market, or "Carry" between the trading months to compensate for these costs of holding the product longer into the future.
I suspect there are some sales/demand from consumers, taking place in May, which has increased the premium on this month VS the July.
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