EMG, think you may be right on the Z11/Z12 corn, bought it today at 34 1/2. Looks like it may take some time to do anything. Regards,local
Think the spread should be bought ? Sounds like another tight year next year. Regards, local
The trade believes that the shortage in wheat is in high quality wheat, therefore KC should stay at a healthy premium to Chicago. I was trading...
Have experience with delivery of grains. Delivery procedures are unique to each grain, e.g. delivery points, cost of storage, initiation of...
I didn't trade in Chicago so I can't answer your question about how the corn/wht is quoted. I think you should be buying wht and selling corn if...
Done all the time with futures, referred to as a give up. should not be a problem. Doing it yourself is probably illegal, no net benefit from the...
Trading rule #1, Before you call another trader "dumb", make sure you are not talking about yourself. Regards, local
Dear bad MRS frosty, Good to see you are using two syllable words, perhaps in your next post you can string together a sentence. Also...
The cot is crucial to trading both flat price and spreads. If you don't understand it you are neglecting a very valuable tool. Regards, local
corn spreads falling apart, bean spreads at their highs, up 20 cents on the day. Regards,local
USDA has ending stocks at 185. This is on bullish side of threshold, N/X beans at 88 over, new high for the spread. Don't know why trade caught...
From the above discussions, several trends become apparent. Firstly there is a problem with convergence and thus the change to contract...
emg, are you watching this wheat, fasten your seatbelt, this one is going to the moon. Regards, local
That explains it, thanks. But if you can't deliver against it, why would any one sell it ? Trend following funds have gone from short...
I am reading today where KC is going to increase storage rates in an attempt to get better convergence. Why ? It is not working for cbot wheat,...
Mostly cbot vs kc, however even those spreads get distorted because of the lack of convergence of cbot. Regards,local
After falling about 45 cents from the beginning of the week, wheat recovers almost to where it started the week. I know that wheat recovered at...
Yes, I am long Dec 10 corn, would like to roll into dec 11, underpriced relative to new crop beans and wheat. Not too early to start moving it...
Z/k corn has traded today between 19 1/4 and 18 3/4 today. I use 6 cents /mos to approx. carry (to be more precise you have take into account...
Here is my future 101 class understanding... correct me if im wrong. future = spot + cost of carry - carry(beneficiary factors for holding the...
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