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Walter,
I can only asssume, and that's dangerous, that "give-ups for cash positions"
means abandoning futures positions and holding the grain .... or selling the
grain (give-ups) at the terminal or elevator to raise cash. Either scenario
would put pressure on the market. I don't follow the commentary or the MGE
markets. Minnestoans mix too much professional wrestling with politics
(although, I understand the common bound between the two professions).
I'm sure my "speculation" on the matter doesn't help. Are you considering
doing any long wheat/short corn for the next few months? I about to put on
bunches and bunches.
Steve Karnish
Cedar Creek Trading
http://www.cedarcreektrading.com
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: Metastock bulletin board <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, April 18, 2000 6:22 PM
Subject: MW0K, MW0N
> Hi Steve
>
> I need an explanation for the term "give-ups for cash positions" as used
in
> the wheat markets.
>
> i.e., "MGE wheat closed mostly lower. Give-ups for cash positions were
said
> to be a dominant feature ..." and "... it looks like there was some heavy
> movement in the cash markets ..." etc.
>
> Your list of "goodies" looks interesting. Thanks for all your hard work
and
> help that you've provided.
>
> Best regards
>
> Walter
>
>
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