According to the Moore Research Center of Eugene, OR, it is time to consider the seasonal Soybean spread of long July Soybeans and short November Soybeans. They state that the seasonal recommendation begins on April 4 and runs thru May 7. Moore Research reports that the spread has been profitable 12 out of the past 15 years with an average gain of $541.
Recently, the spread peaked on March 30th, with July Soybeans trading 54 1/4 cents above the November Soybeans. Since then, the spread has narrowed to 21 3/4 cents and appears to be finding support. If the support holds, this seasonal tendency could offer a good trading opportunity.
