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| Insurance(options) become less relevant as they work off CBOT. CBOT is truly unrelated to reality of anything as cash market considering basis is now the real price determinate. As physical supply tightens cash bids for physical supply are the only way to guarantee youself a given price. How can you lock in the best price if basis has a $ 2.50 variation between CBOT and various cash buyers?? | |
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Mark Gold
