Trade Energy Derivatives Better.
GES: Explore, Understand, Forecast, Optimize
coupling spreads · cracks, crush, feeding
record · coverage against nominal
Coupling strength 0–1 across sectors, with drift vs the prior window
The strongest pairs
Zn ↔ Tn 0.96 ·
Zb ↔ Ub 0.96 ·
Tn ↔ Zb 0.95 ·
Es ↔ Ym 0.92 ·
Es ↔ Nq 0.92 ↓
Zn ↔ Zf 0.91 ·
Tn ↔ Ub 0.90 ·
Zn ↔ Zb 0.90 ·
Zf ↔ Zt 0.89 ·
Zf ↔ Tn 0.88 ·
Cl ↔ Bz 0.87 ↑
Zw ↔ Ke 0.86 ·
729 more pairs in the matrix above
The strongest baked neighbors each market moves with
Corn Wheat 0.54Soybeans 0.53KC hard red winter wheat 0.50Soybean meal 0.41Soybean oil 0.29Brent crude 0.17
Soybeans Soybean meal 0.74Corn 0.53Soybean oil 0.52Wheat 0.35KC hard red winter wheat 0.33WTI crude 0.20
Soybean meal Soybeans 0.74Corn 0.41Wheat 0.25KC hard red winter wheat 0.21Soybean oil 0.14Lean hogs 0.12
Soybean oil Soybeans 0.52Brent crude 0.32WTI crude 0.32Heating oil 0.31RBOB gasoline 0.30Corn 0.29
Wheat KC hard red winter wheat 0.86Corn 0.54Soybeans 0.35Soybean meal 0.25Soybean oil 0.24Brent crude 0.18
KC hard red winter wheat Wheat 0.86Corn 0.50Soybeans 0.33Soybean oil 0.22Soybean meal 0.21Brent crude 0.19
Live cattle Feeder cattle 0.53Russell 2000 e-mini 0.12Dow e-mini 0.12S&P 500 e-mini 0.11Copper 0.10Bitcoin 0.10
Feeder cattle Live cattle 0.53Russell 2000 e-mini 0.17Dow e-mini 0.15S&P 500 e-mini 0.14Nasdaq 100 e-mini 0.13Bitcoin 0.12
Lean hogs Soybean meal 0.12Soybeans 0.10Live cattle 0.09Feeder cattle 0.07Russell 2000 e-mini 0.06Ether 0.05
Copper Platinum 0.46Silver 0.40AUD/USD 0.38Gold 0.36USD/CAD 0.31S&P 500 e-mini 0.26
Platinum Silver 0.76Gold 0.67Copper 0.46AUD/USD 0.33USD/CAD 0.26EUR/USD 0.25
WTI crude Brent crude 0.87RBOB gasoline 0.71Heating oil 0.69Soybean oil 0.32USD/CAD 0.31AUD/USD 0.22
Brent crude WTI crude 0.87RBOB gasoline 0.77Heating oil 0.74Soybean oil 0.32USD/CAD 0.31AUD/USD 0.22
RBOB gasoline Brent crude 0.77WTI crude 0.71Heating oil 0.67Soybean oil 0.30USD/CAD 0.25AUD/USD 0.19
Heating oil Brent crude 0.74WTI crude 0.69RBOB gasoline 0.67Soybean oil 0.31USD/CAD 0.20Soybeans 0.16
Henry Hub gas Heating oil 0.12RBOB gasoline 0.09WTI crude 0.08Brent crude 0.07GBP/USD 0.06Soybean oil 0.06
Gold Silver 0.78Platinum 0.67Copper 0.36AUD/USD 0.27USD/CHF 0.27EUR/USD 0.24
Silver Gold 0.78Platinum 0.76Copper 0.40AUD/USD 0.24Nasdaq 100 e-mini 0.18EUR/USD 0.18
10-year T-note Ultra 10-year T-note 0.965-year T-note 0.9130-year T-bond 0.90Ultra bond 0.822-year T-note 0.73USD/JPY 0.47
5-year T-note 10-year T-note 0.912-year T-note 0.89Ultra 10-year T-note 0.8830-year T-bond 0.77Ultra bond 0.69USD/JPY 0.47
3-month SOFR GBP/USD -0.11Ultra bond -0.11AUD/USD -0.08USD/MXN -0.08USD/CAD -0.0730-year T-bond -0.07
2-year T-note 5-year T-note 0.8910-year T-note 0.73Ultra 10-year T-note 0.7130-year T-bond 0.56Ultra bond 0.47USD/JPY 0.41
Ultra 10-year T-note 10-year T-note 0.9630-year T-bond 0.95Ultra bond 0.905-year T-note 0.882-year T-note 0.71USD/JPY 0.48
30-year T-bond Ultra bond 0.96Ultra 10-year T-note 0.9510-year T-note 0.905-year T-note 0.772-year T-note 0.56USD/JPY 0.40
30-day Fed funds 2-year T-note 0.11Heating oil 0.095-year T-note 0.07Russell 2000 e-mini -0.06Soybean oil 0.06Ultra 10-year T-note 0.06
Ultra bond 30-year T-bond 0.96Ultra 10-year T-note 0.9010-year T-note 0.825-year T-note 0.692-year T-note 0.47USD/JPY 0.36
S&P 500 e-mini Dow e-mini 0.92Nasdaq 100 e-mini 0.92Russell 2000 e-mini 0.84Ether 0.39Bitcoin 0.36AUD/USD 0.34
Nasdaq 100 e-mini S&P 500 e-mini 0.92Dow e-mini 0.73Russell 2000 e-mini 0.73Ether 0.39Bitcoin 0.38AUD/USD 0.26
Russell 2000 e-mini S&P 500 e-mini 0.84Dow e-mini 0.82Nasdaq 100 e-mini 0.73AUD/USD 0.42Ether 0.41Bitcoin 0.37
Dow e-mini S&P 500 e-mini 0.92Russell 2000 e-mini 0.82Nasdaq 100 e-mini 0.73AUD/USD 0.33Ether 0.32USD/CAD 0.29
EUR/USD USD/CHF 0.63GBP/USD 0.63AUD/USD 0.57USD/CAD 0.49USD/JPY 0.36Platinum 0.25
USD/JPY Ultra 10-year T-note 0.485-year T-note 0.4710-year T-note 0.47USD/CHF 0.422-year T-note 0.4130-year T-bond 0.40
AUD/USD USD/CAD 0.68EUR/USD 0.57GBP/USD 0.55Russell 2000 e-mini 0.42Copper 0.38USD/CHF 0.37
GBP/USD EUR/USD 0.63AUD/USD 0.55USD/CAD 0.48USD/CHF 0.42Russell 2000 e-mini 0.27USD/JPY 0.24
USD/CAD AUD/USD 0.68EUR/USD 0.49GBP/USD 0.48Russell 2000 e-mini 0.34USD/CHF 0.32Copper 0.31
USD/MXN Russell 2000 e-mini 0.37AUD/USD 0.28USD/CAD 0.27EUR/USD 0.19GBP/USD 0.19Ether 0.18
USD/CHF EUR/USD 0.63GBP/USD 0.42USD/JPY 0.42AUD/USD 0.37Ultra 10-year T-note 0.35USD/CAD 0.32
Ether Bitcoin 0.78Russell 2000 e-mini 0.41Nasdaq 100 e-mini 0.39S&P 500 e-mini 0.39Dow e-mini 0.32AUD/USD 0.29
Bitcoin Ether 0.78Nasdaq 100 e-mini 0.38Russell 2000 e-mini 0.37S&P 500 e-mini 0.36Dow e-mini 0.29AUD/USD 0.21
The margin board
| spread | legs | last |
|---|---|---|
| rb · ho · cl | 65.1 USD/bbl | |
| rb · ho · cl | 74.2 USD/bbl | |
| rb · ho · cl | 68.7 USD/bbl | |
| cl · bz | -10.9 USD/bbl | |
| zm · zl · zs | 239 ¢/bu | |
| le · gf · zc | -300 USD/head | |
| he · zc · zm | 70.7 USD/head |
3-2-1 crack · USD/bbl · next 30 days
rb RBOB gasoline 3.246 usd per gallon fan →ho Heating oil 4.545 usd per gallon fan →cl WTI crude 89.43 USD/bbl fan →
the joint's band combining the published legs by hand central path
9-in-10 band at the far horizon: 65.1 to 65.1.
No coverage record in this payload cut yet. The bake ships it when the held-out window has enough moves to score.