Curious about members' preferred strategies for calendar spreads in agricultural futures like corn or soybeans. Are you purely fundamental, or do you incorporate technical analysis for entry/exit points?
Interesting question! I actually use a blend. Fundamentals give me the 'why' for a spread, but I'll often look at spread charts for specific support/resistance levels to fine-tune my entry and exit points. Helps avoid getting chopped up.
Purely fundamental for the macro direction, but I've found some success incorporating relative strength indicators on the spread itself to time entries. It's not perfect, but it's an edge I'm working to refine.
I lean heavily on fundamentals for ag spreads. Weather patterns, WASDE reports, and global demand shifts are my primary drivers. Technicals are a secondary confirmation at best.