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Guidelines for the Beginning Commodities Speculator
The Speculator and the Commodity Exchanges
The Mechanics of Trading 7
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82 COPPER anticipated average bank beans broker brokerage firm bushels buy or sell CD futures cents a pound certificates of deposit Chicago Mercantile Exchange cocoa coffee commercial paper commodity futures consumption COPPER MAY 82 copper prices corn cost cotton crop currency December decline delivery deutsche marks developing countries discount elevator example export exposure fluctuations forecast foreign exchange futures contract Futures Fund futures market futures price futures trading gold prices grade grain hedger important increase industry interest rates inventory investment investor June last recession loss major margin market order maturity metric tons million money market months o o o o offset ounce percent period platinum Pork Bellies position processors production profit purchase reports risk short-term silver sold soybean speculator stocks straddle sugar Swiss francs T-bill futures transaction treasury bills U.S. dollars United USDA warehouse wheat yield yield curve York Cotton Exchange