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Grains Trading


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Grains Trading

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  #41 (permalink)
 sims 
houston
 
Experience: Intermediate
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i would agree with the above poster that ags have strong trending properties but would assert that these are ephemeral. ags are characteristically one of the more cyclical asset classes available (this stands to reason due to the harvest cycle and unique properties of each). from an options perspective - if that's the nature of this discussion - i would note that certain major professional funds run passive strategies to essentially buy "teenies", ie. if ZC is $6, they'll buy the $2 puts and $10 calls. If it rallies to $10 they'll buy the $6 puts and $14 calls and so on and so forth. This actually makes a tremendous amount of sense given how susceptible these markets are to endogenous shocks - view the last 3 weeks or so in ags as a perfect example. i don't mean to contradict what was written above, just offer another perspective. this approach may not be right for small time traders as it requires a lot of capital with the expectation being for multiple small losses and infrequent massive wins.

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  #42 (permalink)
 Koepisch 
@ Germany
 
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Hi Traders,

can anybody say some introducing words about that issue. I am not familiar with commodities trading and i'm a little afraid that i can pass the contract ending date without closing a open trade. For instance when using automated trading and i have a car accident and lapse into a coma. What happens if the trader can't deliver?

The same question belongs to metals (GC + HG).

Thanks in advance!

Koepisch

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  #43 (permalink)
 
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 Nicolas11 
near Paris, France
 
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You might also want to check with your broker.
For instance, Interactive Brokers seems to exclude any physical delivery:

I guess that they would close your position.
But I am not sure. I have never traded grains.

Nicolas

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  #44 (permalink)
 jokertrader 
NYC, NY
 
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been trading with TTM squeeze on 400 tick chart and with 377/987 for CL

anyone else doing the same?

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  #45 (permalink)
 
mattz's Avatar
 mattz   is a Vendor
 
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Koepisch View Post
Hi Traders,

can anybody say some introducing words about that issue. I am not familiar with commodities trading and i'm a little afraid that i can pass the contract ending date without closing a open trade. For instance when using automated trading and i have a car accident and lapse into a coma. What happens if the trader can't deliver?

The same question belongs to metals (GC + HG).

Thanks in advance!

Koepisch

Typically, we send out notices of such deliveries. We contact customers directly in case the delivery date approaches to make them aware of this. A Broker may close a position in order to avoid delivery, especially if the customer never indicated such intention.

In the event of a delivery notice, there is a procedure called retendering, where the broker can still you out of a physical of actual delivery. But, that is expansive and can associate a high fee from the FCM.

You should get out way before a delivery date because the liquidity dries up anyway and moves to the next month.

When you drive please-drive carefully, use a seatbelt and have your broker on autodial.

Matt

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  #46 (permalink)
 myrrdin 
Linz Austria
 
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Nicolas11 View Post
You might also want to check with your broker.
For instance, Interactive Brokers seems to exclude any physical delivery:

I guess that they would close your position.
But I am not sure. I have never traded grains.

Nicolas

I trade a lot of grain futures via IB.

It is correct that IB closes all positions before delivery without asking you. For each commodity there is a date and time (if I remember correctly approx. one day before FND) when this procedure starts. The same is true for other commodities where delivery is possible.

You have to be careful when trading spreads with legs in different months. They only close the future close to FND, and leave you with an outright position.

Best regards, Myrrdin

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  #47 (permalink)
 
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myrrdin View Post
I trade a lot of grain futures via IB.

It is correct that IB closes all positions before delivery without asking you. For each commodity there is a date and time (if I remember correctly approx. one day before FND) when this procedure starts. The same is true for other commodities where delivery is possible.

You have to be careful when trading spreads with legs in different months. They only close the future close to FND, and leave you with an outright position.

Best regards, Myrrdin

Your platform (TradeNavigator) also specify rollover as well on end of day updates, if you run then.

Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
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  #48 (permalink)
inverter633
canada
 
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the theme is darkened, it seems that a few people are trading grains. do you have some good trading ideas for mart contracts? it seems that wheat is at the bottom of the area. write ideas and whatever you come up with

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  #49 (permalink)
 myrrdin 
Linz Austria
 
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inverter633 View Post
the theme is darkened, it seems that a few people are trading grains. do you have some good trading ideas for mart contracts? it seems that wheat is at the bottom of the area. write ideas and whatever you come up with

Have a look at the thread "Grains & Beans". Here you find some recent trading ideas.

Best regards, Myrrdin

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  #50 (permalink)
nb10071981
Daytona beach Florida
 
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Breakouts from balance(value area) after an inside day works well on soybeans.


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