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 [...]

Theoretical Positions: For now, new-crop July looks set to move into its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, [...]

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 [...]

Theoretical Positions: For now, new-crop July looks set to move into its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, [...]

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 [...]

Theoretical Positions: For now, new-crop July looks set to move into its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, [...]

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

Theoretical Positions: Traders are likely on the sidelines at this time. With volatility considered moderate-to-high at 26%, I don’t see anything I’d like to do at this time. Trend: Sideways. [...]

Theoretical Positions: For now, new-crop July looks set to move into its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, [...]

Theoretical Positions: With the market’s seasonal tendency more bullish from late March through mid-May, traders could look at buying May call options. The $6.80 closed Friday at 7.0 cents, thought [...]

Theoretical Positions: Traders are likely on the sidelines at this time. With volatility considered moderate-to-high at 26%, I don’t see anything I’d like to do at this time. Trend: Down. [...]

Theoretical Positions: For now, new-crop July looks set to move into its seasonal uptrend. Given the high implied volatility of the new-crop contract, and the next seasonal move being bullish, [...]