With Japanese commodity futures I see that the bulk of the open interest tends to be in the furthest out contract IE. the C6. This obviously differs from US commodities where the bulk of the open interest is in the front month contract.
Am interested to hear people's opinions on the logic behind this? I've heard people say in the past that if you buy/sell the far month contract then it eliminates the need to roll every month. I don't really see the logic there as the OI always seems highest in the C6 and therefore people still look to be rolling on a monthly basis.
Opinions appreciated.
Am interested to hear people's opinions on the logic behind this? I've heard people say in the past that if you buy/sell the far month contract then it eliminates the need to roll every month. I don't really see the logic there as the OI always seems highest in the C6 and therefore people still look to be rolling on a monthly basis.
Opinions appreciated.
