Why is the egg futures contract 1409 over 5,000, and 150 1 only over 4,000? The price difference is quite big. Why?
Hello, landlord. Generally speaking, the price of far-month contracts is higher than that of near-month contracts. This is the so-called positive market. For example, the rebar futures contract price 150 1 is higher than 14 10. The price of egg futures 1409 is higher than that of 150 1 contract, which is against the market. This is not normal. Usually, we think there is room for intertemporal arbitrage, but the 1409 contract will not be delivered until September this year. Because of the temperature, the output of eggs has decreased, so the price of eggs has increased. There are also reasonable factors. The egg contract has been listed for less than a year, and there are few historical data. Whether there is an obvious seasonal trend is unknown. We can wait and see.