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Wheat Spread is gone. (Futures Friday)

Thursday, April 14, 2022 at 4:55:09 p.m. UTC

Featured Commodity:

Wheat Spreads Between All three wheats

Technical aspects:

All three wheats are trading basically on par with each other. This is typically not normal as there should be some spread between them. Typically the spread is about 85 cents

Is there Trade?: Yes. But too early to execute. Wait till summer.

· Risk: Spread can continue to be out of whack for some time.

· Reward: Expect Minneapolis wheat to trade at a premium again. Average premium is about 85 cents.

· Duration: wait until summer. This will give better indication on production and global situation.

· Mechanics:  Spread trade Buy Minneapolis wheat and sell either Kansas or CBOT Wheat


Trade Updates:

The canola spread has gone from 124 to 105 so on 1000 mt that is $19,000.  Still optimistic that the spread will narrow more.

Links to Tracking spreadsheet:

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