Registered: Jul 2012
07-06-12 05:15 PM
You`ve been really kind and helpful bud. Same goes for anyone else contributing on this thread!
I obviously need to wrap my head around the futures markets for sure. I feel I understand the logic in it, but I wanted, as you`ve kindly done, is speak to me in laymans terms.
From my understanding wheat has a price limit per day? Is this correct? If so, what and does it apply to agr commods only and how does this work?
When you`re referring to locals you`re talking about the pit traders, isnt this a dyeing `art` and irrelevant if it is or it isnt, our future prices on wheat are purely speculative in locking in prices as a hedger to be more cost effective and profit as a trader, but when locking in prices as a hedger and agreeing on purchasing the underlying asset, can you choose where you get your stock from?
If I were to sell my futures contract and then buy the cash, this being done through a broker > local why are the prices different depending on the place they`re traded :s?
Im sorry for asking too many questions! let me know if its too much!