800-747-9021

P.O. Box 1027

Bloomington IL 61702-1027

 

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Advance Trading, Inc. is a forward-thinking non-proprietary commodity brokerage firm providing risk management and market guidance to producers, elevators, and end users. 

Glossary of Terms

A/E

ACB

ARG

AT

ATM

BBU

BN

BOY

CBOT

CFTC

CME

COF

C/O

COT

COT

CRC

C/SB

CSX

DJF

DOM

DVE

EU

F

FCIC

FGIS

FH

FIR/FMR

 

FND

FOB

FPD

FPI 

F/R

FSI

FSU

FWIW

GCAU

H

HRS

HRW

HTA

IC

IP

ITM

JFM

SON

OND

K

LM

LOV

LV

LW

LY

MBU

M/D

M/E

MMT

MT

 

MGE

MVP

N

NAFTA

NFA

NFO

NGFA

NOPA

OTE

 

OTM

O/S

PL

PNW

PRC

PRX

Q

QI

ROI

ROW

RSA

S Atl 

S Am 

SBO 

S&D 

SOV 

SP 

SRW 

STX 

SWW 

TC 

TE 

TM 

TW 

TY

UP

W

WF

 

WFR

WRT

X

YA

YTD

Z

Accumulated (grain) Exports

Cash in the account, not a calculated number, it is the value of the cash in the account

Argentina

Advance Trading, Inc.

At the Money (options)

Billion Bushels

Burlington Northern Railroad

Balance of Year (usually referring to exports)

Chicago Board of Trade

Commodity Futures Trading Association

Chicago Mercantile Exchange

Cattle on Feed

Carry out

Certificate of Transportation (used by some railroads to get rail cars)

Commitment of Traders Report

Crop Revenue Coverage

Corn/Soybeans

CSX Railroad

December/January/February

Domestic

Delivery Value Equivalent

European Union

January

Federal Crop Insurance Corporation

Federal Grain Inspection Service

First Half

Futures Initial Margin Requirement/Futures Maintenance Margin Requirement, this is not a calculated number, it is the margin requirement imposed by the Exchange.

First Notice Day

Free on Board

First Position Day

Feed Profitability Index

Feed/Residual

Food Seed Industrial

Former Soviet Union

For what it's worth

Grain Consuming Animal Unit (used to qualify feeding without naming one animal)

March

Hard Red Spring Wheat

Hard Red Winter Wheat

Hedge to Arrive

IC Railroad

Identity Preserved

In the Money (options)

January/February/March Delivery periods

September/October/November Delivery periods

October/November/December Delivery periods

May

Last Month

Long Option Value, this is not a calculated number, it is the value of your long options

Liquidating Value, TE + LOV + SOV

Last Week

Last Year

Million Bushels

Margin Deficient LV FIR (If this number is negative, it's a deficit)

Margin Excess, LV - FIR (If this number is positive, it's an excess)

Millions Metric Tons

Metric Ton (39.364 bushels of corn per metric ton/36.743 bushels of beans/wheat per metric ton)

Minneapolis Grain Exchange

Market Value Protection

July

North America Free Trade Association

National Futures Association

National Farmers Organization

National Grain and Feed Association

National Oilseed Processors Association

Open Trade Equity (Value of futures in account), this is not a calculated number, it is the value of the futures in the account

Out of the Money (options)

Outstanding (Export) Sales

Price Later

Pacific Northwest (usually refers to export facility there)

People's Republic of China

Price

August

First Quarter

Return on Investment

Rest of World

Republic of South Africa

South Atlantic

South America

Soybean Oil

Supply and Demand

Short Option Value, this is not a calculated number, it is the value of your short options

Southern Pacific Railroad

South Red Winter Wheat

Stocks

Soft White Winter Wheat

Total Call, the highest M/E amount for the total number of days M/E is not satisfied

Total Equity, ACB + OTE

This Month

This Week

This Year

September

Union Pacific Railroad

EUR Western Europe

Withdrawable Funds, M/E, up to the positive amount listed in TE, as long as TE is positive. If TE is negative, WF will be zero.

Weekly Fundamental Review

With regards to

November

Year Ago

Year to Date

December

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