2/4/16 was up +$054 and the model projects the component will jump between 0.45 to +0.75. With these higher bids packers only made a fair purchase at 90.2% of the moving average daily purchases. The "Gap" now stands at +1.14 with the futures being premium to the component.

The model projects that the cash settlement index for the GGGs will be in the range of 65.52 to 66.52. This continues to cause a bullish bias to swell-up inside me and I plan to stick with the long GGGs. In the event the GGGs dip, I will buy more.

When the 201 report comes out, I will be able to up-date the projected cash settlement for the GGGs.

Best wishes,

dhm