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onida, south dakota | because of liquity Nov 13 seems better.............you have to pay a lot for time value...........nearly 90 cents for something at the money...........and the story for Nov probably needs to start with something from South America............
the drawback between Nov 13 and other old crop months...........is that if we get a short squeze in the US waiting for our new crop you might not particpate in a bounce...............you could see that market really invert if we run out of product before new crop hits
so if your reason is simply acre war.........2013 supply........then Nov makes sense
but if you want to particpate in a 2012 crop rally then something sooner might make sense | |
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