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TFC Commodity Trading Forum

Re: Monday and Tuesday - Grains.

Backwardation only works with the same crop year.

old crop / New crop is black magic stuff.

Ain't no cost of carry.

I am neither bullish or bearish, however, I've seen some multi-dollar breaks with July at a substantial premium to the Nov (Aug and Sep, as well).

Although, Novie being premium to everything, within its same crop year .... Now, that's contango.