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In the summer the grain markets are especially dependent on the weather, so be careful. PM with any spread questions, I don't feel like typing now and will answer what I can later.,

Anybody who has ever traded CL can tell you this, trade it then trade Heating Oil or Natural Gas or any other energy and tell me that you just can't "tell" that the algos love this market. The spreads are also very "stiff"

I didn't have much going on today, so I read through this whole journal. Wow, great stuff. The intelligence and skill levels of some of the guys that gave input regularly is just through the roof. For any newer traders that want to delve into some psychology issues take a look at this. I am...

The Papa Roach thread was about giving Iran a nuke, not nuking them. I would hardly call it a right wing thread.

Wow, good luck. Just found this thread, please keep us posted on what you do. I hope it all works out.

DUDE! I saw one of those when I was walking around one night! As the cops pulled the drunk dude out of his SUV, I marveled at the ingenuity/ruthlessness/ethics(or lack thereof) of the NYPD. I had never seen or heard of undercover taxis before that night, nuts man. Do you live in NYC?

No problem man, hey yeah yeah Nut post the NYC links. I'd love that, I am going to make it my goal to go back to NYC once a year. I loved the botanical gardens in the Bronx (I think it was the Bronx, does that sound right?)

Thanks for the clarification.

Try an experiment, unplug your tv, put it in the garage, cancel the cable. Try to go without tv for six months, if you think your life was better with it resubscribe, if not just live without it. I gave up tv two years ago and now just watch it when I go to my parents, or my girlfriends parents...

My favorite thus far was the ex bank robber. What a story.

Thanks, I will have to go to the lib. and check that out. NYC is so fascinating to me, I went for the first time in April.

http://www.nytimes.com/packages/html/nyregion/1-in-8-million/index.html#/mark_mocha Got an hour to kill? Check em out.

sell em, watch h/k and n/x. Both are massive shorts imo

As of 07 Teton County in Wyoming was richest county, that could have changed certainly.

Yep, you got it right.

I would totally agree that the margins can be a bit misleading, do the math regular corn margin is $1600.00 at a $47.00 marg. you could put on 34 spreads. Now 34*50=1700 a full cent. Do you want that kind of exposure?

I would tell you that it is just inherently risky to have a short grain position on in any shape or form (spread, option, or outright futs) during planting and harvest as anything can happen. You've just got to examine what you "want" out of the trade, are you looking for a higher r:r play...

Your risk is theoretically unlimited, say every planted bushel of corn in the US catches blight and ruins it, then that spread will go from a 13 half cent premium to the march side, to a 5.00 premium to the december side. Is that unlikely? Hell yes, but it could happen. The spread might move...

Marginas in corn spreads are low because in "theory" they are less volatile. Full commercial carry costs are calculated assuming $0.00165 per bushel per day storage costs and a 3.10 percent interest rate. Stuff routinely gets past 70 percent carry, especially in well supplied markets...