Trump Tariffs on Soybeans - conversation snippets P.S.坚持是一种信仰

Soybeans – July/November Spread CouldFind New Life

April 13, 2018

Brazilian cash soybean prices havesurged higher in the wake of the China/US trade dispute on speculation that China’sappetite for soybeans would be centered on Brazil alone, and Brazilian FOBprices were running 40 cents higher than US FOB prices in New Orleans thisweek. Argentina is traditionally the world’s largest soybean meal exporter, butwith their crop down sharply due to drought, soybean meal prices have soaredand processors there have found it profitable to import US soybeans for thefirst time since 1997/98.

Poor planting weather could force US producers to switch some of their plantings away from corn and spring wheat, which require longer growing seasons, over to soybeans. A strong storm thiscoming week could bring as much as 12 inches of snow in the northern US Plainsand heavy rain in the southern Midwest, which would cause further delays.

With demand prospects seemingly unaffected by tariff scares and the potential for more soybean acres this year, the July/November soybean spread could find some new life.

Suggested Trading Strategies:

1) Buy July Soybeans/Sell NovemberSoybeans at +13 cents. Use an objective of +33 cents on the trade, and risk itto a close below +7 ? cents.

2) Buy a July Soybean $11.00 call andsell a November Soybean $12.00 call at even money. Use an objective of 15 ?cents on the spread and risk 5 ? cents from entry.

来源：CMEGroup，本文获授权转载。

P.S.坚持是一种信仰，专注是一种态度！感谢您的积极点赞及转发！

免责声明：本文件仅供参考。本文件并非作为或在任何情况下被视为对任何资本市场产品的招揽；或购买或出售的要约或要约意图。本文件的内容也不构成对任何人的任何资本市场产品的投资建议。本文件所包含的所有信息均以公开资料为依据，所载资料的来源及观点的出处皆被时瑞金融在发布本文件时认为准确和可靠，但时瑞金融不能保证其准确性或完整性。时瑞金融不对因任何遗漏，错误，不准确，不完整或其他原因而遭受的任何损失或损害（不论是直接，间接或后果性损失或任何其他经济损失）承担任何责任。期货合约、衍生品合约与商品以往的表现或历史数据并不代表未来表现，不应作为日后表现的依据或担保。时瑞金融有权在不通知的情况下随时更改本文件的信息。

您可以点击标题下方的“时瑞金融”或直接扫码关注我们。