DDG Price

[bannedagain]

Corn is at 5.55 a bushel and the May 11 contract is actually 555 per contract which is 100 bushels. Any way you look at it the market is being manipulated and the article expressly says this….I would refresh the numbers of DDG next week because they cant stay this high forever!

Overwhelming stupidity strikes again.


http://www.cmegroup.com/trading/agricul ... tions.html

Have someone read it and explain it to you.

 

[VanC]

Wow.

What was the name of that fella that could plow 60 acres in 4 minutes.

roflmao...can't remember the name but remember the statement.

viewtopic.php?f=14&t=53301&st=0&sk=t&sd=a&hilit=plant+corn

 

[ddg1263]

Bannedagain, what I have said is correct even at the site you linked…here are the corn future prices reported directly from the CBOT.

http://futures.tradingcharts.com/market ... ?market=FC

It is about as straight forward as it can be… instead of me saying that the market is moving in a per bushel price, I said it moves in a contract price. There are some days that the contract price moves only a dollar or a half or a quarter a point. Divide it by 100 and you get the bushel price of corn which is what every publisher in the country uses…

I guess when you said down 30 cents, I actually thought you meant that the contract price was down a third of a point which is not a very big change at all. If you would have said something like yea wow it did limit down .30 cents then I would have known. Instead you said $.30 not $30.00... Let me just say this in a nice way brother, I have trader more options and futures then you can ever imagine. It is not an issue for me to understand these markets at all, and I actually called the spike up of the cattle market from last year to this year correctly on this very board. I don't know what to tell you other than you really have a problem talking to people. I hate it for you… Good luck!

 

[TexasBred]

Have you ever bought a futures contract on corn???? If so please give me the details because so far nothing you say makes one bit of sense. Corn is traded by the BUSHEL. A contract is 5000 bushels...not 100.

 

[bannedagain]

Bannedagain, what I have said is correct even at the site you linked…here are the corn future prices reported directly from the COBT.

http://futures.tradingcharts.com/market ... ?market=FC

It is about as straight forward as it can be… instead of me saying that the market is moving in a per bushel price, I said it moves in a contract price. There are some days that the contract price moves only a dollar or a half or a quarter a point. Divide it by 100 and you get the bushel price of corn which is what every publisher in the country uses…

I guess when you said down 30 cents, I actually thought you meant that the contract price was down a third of a point which is not a very big change at all. If you would have said something like yea wow it did limit down .30 cents then I would have known. Instead you said $.30 not $30.00... Let me just say this in a nice way brother, I have trader more options and futures then you can ever imagine. It is not an issue for me to understand these markets at all, and I actually called the spike up of the cattle market from last year to this year correctly on this very board. I don't know what to tell you other than you really have a problem talking to people. I hate it for you… Good luck!

Yeah well all have seen your vast knowledge of trading on this post. Corn futures trade in cents per bushel not dollars always has.

You said corn closed down 30 dollars.

Well it looks like grain limited down today in the markets (down 30 dollars across the board which is as far as they will let them drop in one day).... it looks like traders are just having fun at our expense. They just need to put some more of us farmers out of business and then see who is going to feed them...

You also said that a corn contract was 100 bushels,

Corn is at 5.55 a bushel and the May 11 contract is actually 555 per contract which is 100 bushels. Any way you look at it the market is being manipulated and the article expressly says this….I would refresh the numbers of DDG next week because they cant stay this high forever!

A contract is 5,000 bu. not 100 bu. But I don't need to tell you that your an expert. By the way corn futures trades in 1/4 cent increments not in 1/3 cent increments but heck you knew that already too. Like I said have someone read it to you. You are embarassing yourself.

 

[ddg1263]

Month
Click for chart Session Pr.Day Options
Open High Low Last Time Sett Chg Vol Sett OpInt
Dec 10 553 555 534 534 Nov 12, 16:19 534 -30 240557 564 368968 Call Put
Mar 11 566 569 548 548 Nov 12, 16:19 548 -30 144861 578 607893 Call Put
May 11 573 576 555 2/8 555 2/8 Nov 12, 16:19 555 2/8 -30 27374 585 2/8 132760 Call Put
Jul 11 577 4/8 577 4/8 558 6/8 558 6/8 Nov 12, 16:19 558 6/8 -30 46082 588 6/8 207112 Call Put
Sep 11 544 544 530 530 Nov 12, 16:19 530 -30 1993 560 37406 Call Put
Dec 11 525 526 509 2/8 509 2/8 Nov 12, 16:19 509 2/8 -30 57869 539 2/8 255005 Call Put
Mar 12 - 545 515 515 Nov 12, 16:19 515 -30 1030 545 15702 Call Put
May 12 - 548 4/8 518 4/8 518 4/8 Nov 12, 16:19 518 4/8 -30 325 548 4/8 3932 Call Put
Jul 12 532 4/8 532 4/8 522 522 Nov 12, 16:19 522 -30 339 552 6484 Call Put
Sep 12 - 523 2/8 493 2/8 493 2/8 Nov 12, 16:19 493 2/8 -30 4 523 2/8 821 Call Put
Dec 12 492 2/8 492 2/8 464 6/8 464 6/8 Nov 12, 16:19 464 6/8 -30 2467 494 6/8 22664 Call Put
Jul 13 - 511 6/8 481 6/8 481 6/8 Nov 12, 16:19 481 6/8 -30 6 511 6/8 297 Call Put
Dec 13 - 494 6/8 465 465 Nov 12, 16:19 465 -29 6/8 75 494 6/8 1340 Call Put
Jul 14 - 509 6/8 480 480 Nov 12, 16:19 480 -29 6/8 7 509 6/8 28 Call Put

here are the results of the CBOT as of close on friday... The article that I even quoted on the previous page from UPI (united press international) shows an expression of exactly of what I am saying. http://www.upi.com/Business_News/2010/1 ... 289596533/
. Corn was down 30 bucks! It does take 5000 units to make or "establish" a futures contract...... However trading is quoted as expressed above.... The price of a bushel of corn did drop .30 cent a bushel friday.... However, the trading floors reflect the quotes as expressed above!
This has truly been a waste of time.... Good luck guys

 

[bannedagain]

Oh my it has gotta be that same person that planted the whatever, in however long, ain't no 2 people in the world that dumb.

 

[TexasBred]

Oh my it has gotta be that same person that planted the whatever, in however long, ain't no 2 people in the world that dumb.

Maybe this link will help. It even offers a free "Corn Trading Kit".

http://www.tkfutures.com/corn.htm

 

[ddg1263]

I give up trying....UPI is wrong for quoting it the way they did... the trading tables are wrong for quoting it this way.... and the only way to quote the market is by the bushel price..

You also said that a corn contract was 100 bushels, ddg1263 wrote:
Corn is at 5.55 a bushel and the May 11 contract is actually 555 per contract which is 100 bushels. Any way you look at it the market is being manipulated and the article expressly says this….I would refresh the numbers of DDG next week because they cant stay this high forever!
A contract is 5,000 bu. not 100 bu. But I don't need to tell you that your an expert. By the way corn futures trades in 1/4 cent increments not in 1/3 cent increments but heck you knew that already too. Like I said have someone read it to you. You are embarassing yourself.


BTW you are correct here... I was typing a bit to fast when you called me the dumbest person in the world... it does take 5000 bushels to make a contract... However, the trading board is quoted in 100 bushel units... The original contract would be 5000 times the bushel price..... So in a way you got me! It is like trading stocks.... if you see a share of stock going for 10 dollars on the exchange it is normally known that you need to buy 100 shares without creating a fraction order...

 

[bannedagain]

I give up trying....UPI is wrong for quoting it the way they did... the trading tables are wrong for quoting it this way.... and the only way to quote the market is by the bushel price..



BTW you are correct here... I was typing a bit to fast when you called me the dumbest person in the world... it does take 5000 bushels to make a contract... However, the trading board is quoted in 100 bushel units... The original contract would be 5000 times the bushel price..... So in a way you got me! It is like trading stocks.... if you see a share of stock going for 10 dollars on the exchange it is normally known that you need to buy 100 shares without creating a fraction order...

http://www.cmegroup.com/trading/agricul ... tions.html

Have them reread that to you. You still are not grasping the concept. May 11 corn closed at 555, that is 555 cents per bushel, a contract is 5000 bushels not 100. The market Friday closed down 30. (thats 30 cents, the pricing unit for a corn futures contract is cents per bushel) A corn futures contract was worth $1500 less at the close Friday than it was worth at the open Friday.

The trading board for corn is NOT quoted in 100 bushel units. It is quoted in cents per bushel.

 

[ddg1263]

You are correct! I always look at it in lots of 100 because it is hard to create a fraction of a cent… (as in 7/8 of a cent)

 

[TexasBred]

You are correct! I always look at it in lots of 100 because it is hard to create a fraction of a cent… (as in 7/8 of a cent)

Corn ALWAYS trades in 1/4 cents.

 

[bannedagain]

You are correct! I always look at it in lots of 100 because it is hard to create a fraction of a cent… (as in 7/8 of a cent)

Corn ALWAYS trades in 1/4 cents.

Tbred

ddg is learning it seems to be a slow process however.

 

[TexasBred]

You are correct! I always look at it in lots of 100 because it is hard to create a fraction of a cent… (as in 7/8 of a cent)

Corn ALWAYS trades in 1/4 cents.

Tbred

ddg is learning it seems to be a slow process however.

Well since he like to deal in 8th I'll change my post to "Corn trades in 2/8th"

 

[Hey you]

I hope ddg doesn't try to explain the birds and bees to his daughter, she's bound to end up pregnant