My Soybean – Corn spread has opened the week with a little bit of strength and I’m going to take it off.
The soybean contract is due to expire soon and I need to be out by Wednesday, so I’ll exit now on a bit of strength.
Overall I’m really happy with this trade. I entered this one more based on technicals, as soybeans had been sold hard on large fundamental supply.
This one may still push higher but I’m happy to lock in around $1300 per/contract.