This spread was a career-ender for many wheat brokers/traders - large and small(!!) - in the past 2 years!!
Throughout history, this reverted from -$0.40 right away but not this time and so even pros rode their entire account/capital into the ground, to $0 or worse! (Just a gentle reminder that futures trading does involve risk - in case anyone was still confused before this happened. :-)
One is likely looking at a major turn here, in progress, probably good for $0.60-$1.20 (or about +800%-1000% in 2-3 years).
Make this your 401K?!...
Throughout history, this reverted from -$0.40 right away but not this time and so even pros rode their entire account/capital into the ground, to $0 or worse! (Just a gentle reminder that futures trading does involve risk - in case anyone was still confused before this happened. :-)
One is likely looking at a major turn here, in progress, probably good for $0.60-$1.20 (or about +800%-1000% in 2-3 years).
Make this your 401K?!...
