Sep 3rd 2014, 4:18:25
70m bushels at $48
42m bushels at $42
And over 200m at $40.
And about 300-400m at $38-39.
The $48 batch took several decreasing sales volume, indicating that it is probable that the buyer in turn sold to his PM to generate the money to repeat the process. In fact, the numbers match.
7,691,036 bushels --> 5,768,277 --> 4,326,208 --> 3,244,656 --> 2,433,492 --> 1,825,119 --> 1,368,839 --> 1,026,629
With each purchase having the ratio $36/$48 of the previous purchase.
42m bushels at $42
And over 200m at $40.
And about 300-400m at $38-39.
The $48 batch took several decreasing sales volume, indicating that it is probable that the buyer in turn sold to his PM to generate the money to repeat the process. In fact, the numbers match.
7,691,036 bushels --> 5,768,277 --> 4,326,208 --> 3,244,656 --> 2,433,492 --> 1,825,119 --> 1,368,839 --> 1,026,629
With each purchase having the ratio $36/$48 of the previous purchase.