Soybean Meal Is Positioned Perfectly to Decline
Darren Carlat of SpreadEdge Capital - InsideFutures.com - Tue Jun 11, 6:49PM CDT

The Soybean Meal (N19-2*Q19+U19) butterfly spread is set up to begin its' decline into the July expiration. The spread has profited 10 of the last 10 year and 13 of the last 15 when sold between 6/12 and 6/14 and bought on 6/24. The profit to draw-down ratio is very strong at 195%. On Wednesday, I will sell the Soybean Meal (N19-2*Q19+U19) butterfly spread at or near its' current price.