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Did a brokerage house clerical error on soybean option expiration
last Sunday lead to Sunday night's decline in soybean and grain prices?
That is a story that is circulating at the CBOT. Were a whole bunch of
November soybean calls exercised, rather than expired August options,
mistakenly leaving a large cash connected commission house with a
large long position they liquidated Sunday night? That might have been the
thing that got the markets rolling down despite the scorching weekend
temperatures and
abundance of sunburned pit traders.
Regards,
John J. Lothian
Disclosure: Futures trading involves financial risk, lots of it!
Disclosure: John J. Lothian is the President of the Electronic Trading
Division of The Price Futures Group, Inc., an Introducing Broker.
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