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losemind

Registered: Dec 2010
Posts: 75

08-21-12 07:04 PM

Usually etfs for commodities have a time-decay-in-value problem...

What about the etf CORN?

Any thoughts?

Thanks

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Handle123

Registered: Aug 2007
Posts: 1053

08-24-12 09:35 AM

Considering I been selling Corn, Oats, Beans, Meal, Index futures as long term trades on Aug 21, I wouldn't be buying any grains on ETF. Nothing goes up forever. Now granted, it might take me a couple stabs at finding the highs or this can be the start of many markets take a hard tumble, regardless, I will find the highs. Most of my stock methods are starting to go negative which means I will start selling short soon.

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cdcaveman

Registered: Aug 2011
Posts: 3529

08-24-12 09:44 AM

Your playing the term structure buying futures based etfs. Read the prospectus... your better off spreading directly in the futures per the curve and per your view

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losemind

Registered: Dec 2010
Posts: 75

08-24-12 03:21 PM

yeah, but buying futures directly I need to roll myself... if I forget one roll due to busy schedule then I ended up having corns in my yard..

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Nym

Registered: May 2012
Posts: 117

08-24-12 04:30 PM

to me it looks like that been long on corn ETF is not that different that been long on corn and keep rolling.

The question is been long on corn (and keep rolling ) is good for long term holding?

Btw, no problem with the garden.. probably your broker will close the position for you

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cdcaveman

Registered: Aug 2011
Posts: 3529

08-24-12 07:54 PM

Quote from losemind:

yeah, but buying futures directly I need to roll myself... if I forget one roll due to busy schedule then I ended up having corns in my yard..

ratio backspread in the options..... don't expose yourself to roll cost/contango without knowing exactly what your cost of doing business is..

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