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NW Indiana | Yes I would have delivered on the contracts but I still would have to eat the inversion. So I hedged at 10.024 against the 18. If the inversion was still say 35 cents I would have delivered after a roll at 9.674. If the market exploded higher it could have been a dollar or more of inversion. It isn't a strategy I would recommend very often and would never want it much into the growing season. That is why I lifted in early june. Using that strategy forced my hand a bit. | |
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Did Trump get Trumped by the Chinks?
