wheat spreads

emg · May 18, 2011

Quote from benwm:

Thanks local for this thread, there are some interesting points along the way...

I wondered if you had you ever traded LIFFE or MATIF wheat contracts and spreads versus Chicago and Kansas wheat?

It would interesting to hear more about your general approach to your trading day? What reports you look out for, any daily rituals you go through such as checking certain indicators, prices, webpages etc.

I would like to get started trading wheat/corn/beans, develop some kind of methodology, but wanted to get a handle on what the industry pros look out for, what drives prices in the medium term..

u should subscribe to moore research even though their spread recommendations do not work. Do not take their spread trade live but study them why they are recommending.

I believe that is the good way to start to learn more about grain spread

benwm · May 18, 2011

Quote from emg:

u should subscribe to moore research even though their spread recommendations do not work.

Thanks emg - it looks like they have a 14 day free trial so I will sign up

local · May 18, 2011

Quote from benwm:

Thanks local for this thread, there are some interesting points along the way...

I wondered if you had you ever traded LIFFE or MATIF wheat contracts and spreads versus Chicago and Kansas wheat?

It would interesting to hear more about your general approach to your trading day? What reports you look out for, any daily rituals you go through such as checking certain indicators, prices, webpages etc.

I would like to get started trading wheat/corn/beans, develop some kind of methodology, but wanted to get a handle on what the industry pros look out for, what drives prices in the medium term..

Sure. I start my day by checking my account, balances and positions. Regardless of what approach you use, I think it is extremely important to make sure you are leveraged properly and thus the importance in the statements. Being leveraged properly is key to trading any futures contract. I have seen too many traders assess the market properly only to get bown out because they were not leveraged properly and could not see their positions through. E.G. corn hedge fund blows up last week, liquidates, only to see market approach new highs this week. It can happen to anyone.

I have used the CTS platform for the past 7 years. In my opinion it is very good, gives me virtually everything that I had on the floor except everything is laid out visually instead of being audible. I use 8 screens, about 40 -50 differnent windows, spreads and flat price.

I refer to a couple of advisors, both have comparable experience so I find their comments relevant, useful(R. Feltes from RJ O'Brien is one). I am selective about advisors because some just don't have the experience to contribute anything much of value and may in fact be a liability. Obviously I use a fundamental approach as do the advisors i refer to.

Regards, local

kanellop · May 18, 2011

Hello Again.

May i ask you something this hour local ?

Can you tell me please,

more things for Mr Richard Feltes of R.J. O'BRIEN,

i mean do you get from him any Report/s ?

I have a curiocity this hour to learn...

Kind Regards,

Goerge Kanellopoulos.

local · May 18, 2011

George,

Hope this note finds you well. Re Rich Feltes, he was with Man Financial for some time, moved to RJ O'Brien last fall. Has probably 35 years experience. Specializes in grains, uses a fundamental approach and knows what an old crop/new crop spread is(unlike another analyst that posts here). Provides an audible synopsis every morning. Very good.

Regards, local

emg · May 18, 2011

Quote from local:

George,

Hope this note finds you well. Re Rich Feltes, he was with Man Financial for some time, moved to RJ O'Brien last fall. Has probably 35 years experience. Specializes in grains, uses a fundamental approach and knows what an old crop/new crop spread is(unlike another analyst that posts here). Provides an audible synopsis every morning. Very good.

Regards, local

feltes still around? i thought he retired

local · May 18, 2011

Quote from emg:

feltes still around? i thought he retired

Still around, I believe he is head of RJ O'Brien's research dept. moved last fall.

Regards, local

kanellop · May 18, 2011

Hello Again.

Mr Richard Feltes is still here.

He is now Vice President-Research of R.J. O'BRIEN.

Here is an Article relative to him:

http://www.thestreet.com/story/1085...s-richard-feltes-vice-president-research.html .

Have 2 Pages...

Kind Regards,

George Kanellopoulos.

kanellop · May 19, 2011

Good Afternoon local.

I hope and i wish to be well.

This hour i have a Question for you.

May i ask you,

how you create the Wheat Futures Spread Orders of you ?

By my Side i send 2 separate Futures Orders for to generate 1 Futures Spread Order.

I know the Platform CQG Spreader that have the ability to send 1 Order and not 2 different Orders about, together.

I am trying this Period to learn for other Platform/s,

if have the same ability with the CQG Spreader.

Especially, i am trying to learn more things for the Ninja Trader Platform.

Anyway, any Comments of you,

it will be very welcomed.

Sincerely,

George Kanellopoulos.

TraDaToR · May 19, 2011

I think Ninja Trader doesn't support exchange spreads, so you may have to leg in.

With CTS, CQG, X trader, or even IB TWS you place orders directly in the calendar spread market or use a spreader if it is an ( not listed )intercommodity spread.