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by H8crilA
2101 days ago
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So it's really "Californian water", and even that may not be very accurate (it's a big state), one would have to study what exactly goes into the index with what weight. I wonder if it will help the farmers in the region hedge their production and also would it improve price discovery. The open interest will tell us. PS. Cushing (the terminal for west texas intermediate) is in Oklahoma. |
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Oops of course you're right, thanks. Changing in the comment. Like you I also wonder if these contracts will take off.