Theoretical Positions: Producers might’ve locked in a small part of expected 2025 production near the recent weekly close of $6.3375. (Realistically, I know how difficult this is to do.) Given [...]

Theoretical Positions: The July issue could’ve been sold near the recent weekly close of $6.17 with a stop above $6.3350. The July 2025 issue closed last Friday at $5.4275, unchanged [...]

Theoretical Positions: Attention will be turning to opportunities in the new-crop market, starting with the September 2025 futures contract. The Sept25 issue closed last Friday at $6.10 putting it in [...]

Theoretical Positions: Producers might’ve locked in a small part of expected 2025 production near the recent weekly close of $6.3375. (Realistically, I know how difficult this is to do.) Given [...]

Theoretical Positions: The July issue could've been sold near the recent weekly close of $6.17 with a stop above $6.3350. The July 2025 issue closed last Friday at $5.4275. Seasonal [...]

Theoretical Positions: Attention will be turning to opportunities in the new-crop market, starting with the September 2025 futures contract. The Sept25 issue closed last Friday at $6.325 putting it the [...]

Theoretical Positions: The July issue could be sold near the recent weekly close of $6.17 with a stop above $6.3350. The July 2025 issue closed last Friday at $5.7450. Fundamentals: [...]

Theoretical Positions: Producers might’ve locked in a small part of expected 2025 production near the recent weekly close of $6.3375. (Realistically, I know how difficult this is to do.) Given [...]

Theoretical Positions: Attention will be turning to opportunities in the new-crop market, starting with the September 2025 futures contract. The Sept25 issue closed last Friday at $6.325 putting it the [...]

Theoretical Positions: The July issue could be sold near the recent weekly close of $6.17 with a stop above $6.3350. The July 2025 issue closed last Friday at $5.73. Fundamentals: [...]

Theoretical Positions: Producers might’ve locked in a small part of expected 2025 production near the recent weekly close of $6.3375. (Realistically, I know how difficult this is to do.) Given [...]

Theoretical Positions: Attention will be turning to opportunities in the new-crop market, starting with the September 2025 futures contract. The Sept25 issue closed last Friday at $6.2975 putting it near [...]

Theoretical Positions: If traders established new long May futures positions near $5.6550 (week of January 20), these positions could’ve been liquidated near the previous Friday’s close of $6.04. Additionally, traders [...]

Theoretical Positions: New-crop July HRW moved into a contra-seasonal downtrend with the completion of a bearish spike reversal the previous week. Producers might’ve locked in a small part of expected [...]

Theoretical Positions: Attention will be turning to opportunities in the new-crop market, starting with the September 2025 futures contract. The Sept25 issue closed last Friday at $6.1750 putting it in [...]

Theoretical Positions: If traders established new long May futures positions near $5.6550 (week of January 20), these positions could've been liquidated near the previous Friday’s close of $6.04. Additionally, traders [...]

Theoretical Positions: New-crop July HRW moved into a contra-seasonal downtrend with the completion of a bearish spike reversal the previous week. Producers might've locked in a small part of expected [...]

Theoretical Positions: With the market’s seasonal tendency more bullish from late March through mid-May, traders might’ve recently bought May call options. The May $6.80 call could’ve been bought at 8.0 [...]

Theoretical Positions: If traders established new long May futures positions near $5.6550 (week of January 20), these positions could be liquidated near last Friday's close of $6.04. Additionally, traders could [...]

Theoretical Positions: New-crop July HRW moved into a contra-seasonal downtrend last week (see below). Producers could look at locking in a small part of expected 2025 production near last Friday's [...]

Theoretical Positions: With the market’s seasonal tendency more bullish from late March through mid-May, traders might’ve recently bought May call options. The May $6.80 call could’ve been bought at 8.0 [...]

Theoretical Positions: If traders established new long May futures positions near $5.6550 (week of January 20), then sell stops would've been placed below the previous low of $5.3775 (week of [...]

Theoretical Positions: New-crop July HRW remains in its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, traders could’ve sold July [...]

Theoretical Positions: With the market’s seasonal tendency more bullish from late March through mid-May, traders might’ve recently bought May call options. The May $6.80 call could’ve been bought at 8.0 [...]

Theoretical Positions: If traders established new long futures positions above the previous high of $5.5475, putting it at $5.55, sell stops would be below the previous low of $5.26. It’s [...]