Also just anecdotally from my contango experience: all market participants, be it traders, tank owners, wholesale end users or railcar guys know exactly where the carry spread/contango is; you won& #39;t be catching too many people off guard

As things might appear to widen out on paper, they& #39;ll want to split as much as they want of the storage PnL as possible which dampens trader enthusiasm on front end side to store it.

So here is an example: I see prompt product (say ethanol) to June is 6.5 cpg; I try to find spare storage and my CP sees that spread but offers lets say .05 cpg per month higher; he wants his cut too. This changes my projected Pnl but ok we are still making money.

I got to my boss @JordanFife1 or @MarkKaeser and tell them the plan--they respond, well with slippage (buying the product) we might lower than PnL a bit more (carry markets get choppy too) not to mention tying up all that cash for a few months. Now might re-think storage play