Wheat Spread Ready For Seasonal Decline

The Wheat (H20-N20) calendar spread has dropped the past 2 days and appears poised to continue to decline into its seasonably weak period. The spread has profited 13 of the past 15 years when sold on 10/11 and bought on 11/7. The average profit is over 200% of the average draw-down while the average best profit is a staggering 8x the average worst profit. On Friday, I will be selling the Wheat (H20-N20) calendar spread at a limit of ($10.75).