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Why bother with books? Just read white papers.

Depends on the hedger, the market, and their credit agreements. Most banks link any loans with forced hedging of most, if not all, future production. More often than not producers simply sell futures or swaps forward; or they purchase outright puts, sell covered calls, etc. No one uses...

Feb 20 H4 Des Moines HDD 100 @ 860

This is good advice. I have learned quite a bit this way.

Feb 20 No Trades Feb 19 H4 Cincinnati HDD 150 lots @ 687 G4 Dallas HDD 50 @ 505 G4 Atlanta HDD 50 @ 515 Feb 18 No Trades Feb 14 G4 Philadeplphia HDD 50 @ 885 H4 Cincinnati HDD 600/400 ps 500 @ 21.5 H4 Cincinnati HDD 600/400 ps 500 @ 20.0 H4 Cincinnati HDD 650 straddle 300 @ 120...

Seems like you have lost your objectivity and are looking for anything to support your preconceived conclusion. Markets evolve. If the LME rule issue is so well known, then wouldn't you imagine this "shadow inventory" is also pretty well known and priced into the market?

All of these are dynamic in nature and fluctuate daily. When prices are high, producers hedge. When prices are low, consumers hedge. Meanwhile option market makers are laying off deltas on the screen as option flow arrives. Swap market makers are laying off risk in the futures as OTC order...

First, the Kochs. Everyone's favorite enemy. Practically every other firm in the physical market was taking advantage of this trade, hardly just the Kochs. Freight rates went parabolic during the 07/08 contango and subsequently crashed 90+% when the curve flattened. Anyone who references...

:)

Warehouse firms walk away from reforming London Metal Exchange

Nice range today.

I think ON is the screen option and LN is strictly OTC or floor traded. I have never heard of an LN-trade being executed electronically. If you want access to the LN markets, you may need to set up an OTC/Clearport account with an FCM outside of IB.

The H/J $2.00 call on the spread traded about 2.0-2.5 cent several weeks ago and earlier this week someone traded the $1.00 calls for size. Weather forecasts and inventory estimates are bullish.

Because it's the internet. Who is dbphoenix?

Up 41 cents on the day at time of writing.

Are you trading the front month or spreads/flies?

Sounds like the PF Flyers are back.

Metals have always gone off-warrant when the curve or cost pressures dictate. This seems to be nothing more than a strategic response to LME rules.

What a misleading article. Vinny has been in finance for decades, and all ZH says about it is, "Although, in all fairness to Viola, he did serve as former Chairman of the NY Merc." He was Chairman (and major shareholder) of Nymex when they were establishing the Dubai Merc and before they...