Search results

Settlement on MGEX is the same as the other grains...final period into 1:15, but the market stays open until 1:30 CST for "post settlement"

are you getting these each day? Also, I don't think cocoa settles out in last 2 minutes. Not sure of what time frame the "settlement" comes from, but I'm pretty sure its not the last 2 minutes. I think that is true of all the softs, and I know that it is not the case with MGEX wheat.

Well...now I know who took the other side of my trade! haha!

youngtrader is correct...they should be fungible, just as the regular electronic contract is fungible with the pit traded contract, or how the ES is fungible with the big board SP.

Damn straight! Dos Equis, Shiner Bock, and LoneStar (cuz we gotta drink the home brewed stuff here in God's Country!)

half of our group is spread traders...trading mean reversion or hedged direction on intra and inter commodity spreads. the other half just trades outrights...directional biased trades on a single instrument.

oh...sounds like a job up at the home office then...not sure of how to get in the door directly there...buddy of mine worked his way up through the ranks...

TradersAudio SquawkTrader (Kuta's broadcast) RanSquawk Those are the other big names...

honestly...your best bet, if you want a truley "quality" group rather than just wannabes is to wait. Talk with guys you meet etc, maybe some of your old prop buddies, etc, and after a while you'll start to develop a close knit group of trading "friends". You may not all have the same methods...

depends where you apply at. Had a friend of mine go in there right out of high school. It takes a long time, and you get "stuck" there for a while, but he said it was worth all of the effort, they really do teach you to trade the grains. That was 5-6 years ago though...not sure if they've...

Completely agree! Energy forum, then Ag forum, then it goes down hill fast with nothing but useless drivel and slap-fights in the rest...

Not true...if you trade corn or wheat then yes...pit access it not needed, and will only slow you down. HOWEVER, if you trade in some of the less liquid markets like Feeder Cattle, Lumber, Pork Bellies, or Livestock or Softs options, pit access is VITAL.

liquidity is MUCH more important because basis is so regional. For instance, where I am at, we are basis positive on corn, whereas in the Midwest they are basis negative. Basis is moreso affected by region, given demand (feedyards, ADM ect.) and transport issues (Mississippi river for Midwest)...

No...when I said 2 months out from the "FC month"...I meant Feeder Cattle. So basically if you bought the March Feeders, you'd look to also buy the May Corn, and sell the Auggie fats Lots of Ag Spreads out there...go to the CME site...look under SPAN or performance margin, and you can get...

Damnit...now you are making me have to decide whether to bid 1.25 or buy a share of Citigroup in a few days when it comes down....DAMNIT!!

Midas, not trying to be rude, just being honest, but you won't learn how to "trade" physical cattle from any book or seminar. You just have to be around cattle for a while, and get to "know" them. Then, you have to "earn your seat" in the salebarn...some of those 60y/o cattle jockeys in...

not so fast Mandelbrot!! I bid $1.00!! I figure its either here or the strip club...and the girl has been nagging me of late about going there! LOL

Midas....cash arb is MUCH easier in feeder cattle rather than live cattle. Selling fats is a much more difficult ballgame...for starters, you are NOT going to find 1200 lb cattle for sale at a salebarn, you would have to bid for them out of the feelot, which is what the packers do, so unless...

If you want the best for just data (charts) you have to go with either CQG or DTN ProhpetX. If you need order entry AND charts all in one package, the best is still CQG (DTN is just charts). My preference for cost effectiveness is ProphetX charts + Ninja, followed closely by CQG...

Wow...now he's starting to talk like Hershey! Thanks stock, you made my day yet again!