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The " Forgotten ' Futures .....
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The " Forgotten ' Futures .....

  #1 (permalink)
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The " Forgotten ' Futures .....

I've been on a Futures quest lately , in that I am trying to learn the Point Values, Margins and Months that each of the contracts trade ( Indexes, Metals, Energies, Grains, Softs, Financials )

In my pursuit to learn all that I can ,
there are still a few things that I don't understand... and those things are :

1. I see Milk ( DA ), Butter ( DB ) and Pork Bellies ( PB ) all listed on various sites .
But when I try and find a currently traded contract , I can not find any information that they are even traded

So do these Commodities only trade at certain times of the year , or have they been discontinued from the Market place ?


2. I know that GC and SI are the main contracts traded for Gold and Silver
BUT ..... when I looked at the I.C.E. exchanges website .... I saw the following 4 contracts :

YG ( mini Gold ), YI ( mini Silver ), ZG ( 100 oz. Gold ) ZI ( 5,000 oz. Silver ) ..... all listed on the I.C.E. exchange
There is also the MGC ( e-micro Gold ) traded on the CME

So my question is ...... is it wise to trade any of the formentioned " I.C.E. " silver and Gold contracts
or is there just no Volume / Open Interest on these contracts ? If so, why is that ?


I appreciate any feedback or information ( personal experience trading any of the mentioned contracts ) anyone can share
Thanks so much - Michael

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  #2 (permalink)
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  #3 (permalink)
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mdsvtr View Post
I've been on a Futures quest lately , in that I am trying to learn the Point Values, Margins and Months that each of the contracts trade ( Indexes, Metals, Energies, Grains, Softs, Financials )

In my pursuit to learn all that I can ,
there are still a few things that I don't understand... and those things are :

1. I see Milk ( DA ), Butter ( DB ) and Pork Bellies ( PB ) all listed on various sites .
But when I try and find a currently traded contract , I can not find any information that they are even traded

So do these Commodities only trade at certain times of the year , or have they been discontinued from the Market place ?

Just spend a bit of time on the related exchange sites. For instance Milk is trade on CME (it can also be traded elsewhere).

http://www.cmegroup.com/trading/agricultural/#dairy

Not a lot of volume in these things but they trade.


mdsvtr View Post
2. I know that GC and SI are the main contracts traded for Gold and Silver
BUT ..... when I looked at the I.C.E. exchanges website .... I saw the following 4 contracts :

YG ( mini Gold ), YI ( mini Silver ), ZG ( 100 oz. Gold ) ZI ( 5,000 oz. Silver ) ..... all listed on the I.C.E. exchange
There is also the MGC ( e-micro Gold ) traded on the CME

So my question is ...... is it wise to trade any of the formentioned " I.C.E. " silver and Gold contracts
or is there just no Volume / Open Interest on these contracts ? If so, why is that ?

There's volume in some of those but obviously not as much in the main contracts. The mini and micro contracts are an attempt by the exchanges to make the future "more tradeable" especially for smaller accounts. Although there's less volume sometimes it will make sense to use mini / micro contracts, especially if you're just starting out. It allows you to have real money on the line without risking too much. That said, you have to consider that lower volume contracts will be harder to get into and out of, and things like spread and slippage can have real affects on the bottom line.

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  #4 (permalink)
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Pork Belly futures were delisted a few years ago by the CME.

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  #5 (permalink)
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Yeah, I looked it up a few days ago, and read where back in 2011 Pork Bellies were removed form the exchange

What about trading Rough Rice, Canola, Butter , Milk and Cheese .... Any idea of any brokerages that trade these ( I'm on TorS ), and I believe that Milk and Rough Rice are on there , but I can never get a chart to load for either of them ..... lack of Volume / liquidity perhaps ?

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  #6 (permalink)
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I know it's a free country, but why are you so interested in these obscure, low-volume markets? I can tell you this--no profitable trader on this site (or anywhere in the world) gives a damn about the margin or deliver months for dairy milk. That's probably why you can't find the chart for it. I imagine the market for that and similar instruments is made up exclusively of hedgers and producers, not speculators. I doubt there are any stories that start out "After I made my first million in cheese futures..."

I mean if you're just curious, hey, that's cool. Not trying to be a hater here. But I would focus on a liquid market, and developing an edge to trade that market.

Where in Memphis you at?

Someday, and that day may never come, I'll call upon you to do a service for me.
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  #7 (permalink)
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Pariah Carey View Post
I know it's a free country, but why are you so interested in these obscure, low-volume markets? I can tell you this--no profitable trader on this site (or anywhere in the world) gives a damn about the margin or deliver months for dairy milk. That's probably why you can't find the chart for it. I imagine the market for that and similar instruments is made up exclusively of hedgers and producers, not speculators. I doubt there are any stories that start out "After I made my first million in cheese futures..."

I mean if you're just curious, hey, that's cool. Not trying to be a hater here. But I would focus on a liquid market, and developing an edge to trade that market.

Where in Memphis you at?

I beg to differ. You need to talk to @ron99 . Former dairy farmer turn milk speculator guru. He crushed it in milk futures last year. And he is a genuinely nice guy to boot (he and I had lunch at a Bob Evans in Ohio last summer).

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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Well there you go. LSNED.

Someday, and that day may never come, I'll call upon you to do a service for me.
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  #9 (permalink)
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Pariah Carey View Post
Well there you go. LSNED.

LSNED?

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #10 (permalink)
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Rough Rice trades a few hundred contracts a day on CBOT.
Winnipeg Canola is pretty active contract.
There are not a lot of daily speculative activities by retail investors in these markets, on the longer term there is some speculative money in those markets. Majority of the volume is traded by the ABCD commodity type companies (ADM, Bungee, Cargill, Dreyfus) to hedge positions.
Same goes for other commodities like Oats.

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