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Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (530)	5/3/1999 2:14:00 PM
From: MJR	Read Replies (2) \| Respond to of 645

I reversed my short DEC Corn position today for long Dec corn. Looks like the Omega block pattern over the belt is gone and showers will move through a good part of the week - causing planting delays?? In long at 233 1/4.. not great as I opened with a Market-on-open and managed to hit the high for the day so far, but I should be OK if the rains do come. Regards, Mike

To: RFH who wrote (530)	5/3/1999 2:52:00 PM
From: nicewatch	Read Replies (1) \| Respond to of 645

Hi RFH, I'm just a little confused, though. We have four prices for corn, for example. We have "processor bids" and "terminal bids." We also have "closing cash" and "basis." If somebody knows what these bids represent, could you be kind enough to clue me in? you're welcome for the links... that CBOT link is a nice one too. To be honest, I am not sure what the differences are between processor-terminal, and closing cash-basis. I only look at cash quotes for a few markets... including beans, wheat, and corn. Now that I think about it... the daily data I have been following has been mostly closing cash... but again, I have no idea of how that differs from the other. I will try to find out the difference, when I get the chance. BTW, good luck on your system. Can I assume that it's a position trading system... it would be hard to get RT cash grain quotes... I think- but I dunno? Talk to you later, take care Regards, Frank