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Futures Notes, Russia-Ukraine, Ethanol, Market Data & Rain Days 02/25/2022

First Notice Day for delivery assignments on March futures is Monday, February 28. Any long (buy) March CBOT contract could be assigned a delivery on Monday, meaning one’s long March futures position could be replaced by cash grain bushels in a CBOT approved grain warehouse (elevator) most likely on the Illinois or Mississippi River. Therefore, your futures broker and your cash grain merchandiser wants you to liquidate your March futures or basis contract today before the close of business. You can cash out or roll to a deferred month.

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