I got an email from another broker saying both would be down until 10:30 Chi time.
How come Globex and Nymex never go down but CBOT is unreliable? They're like the AMEX of futures exchanges. Hopefully the merger will favor the CME technology and not CBOT.
Just got this:
Due to the CBOT's Electronic Clerks being down all day today, CBOT Grain Open Outcry and E-CBOT trade openings will be delayed! The grain markets will open at 10:30am Chicago Time for both Open Outcry and E-CBOT.
WTF....electronic clerks down? Growing pains a year later?
There was also a huge surplus in Soybeans before it exploded last Sep/Oct. Doesn't mean a thing. If we get above 10.60 on Oct...I reckon we're in a bull mkt.
I trade longer term also. I use IB for electronic futures but use xpresstrade/optionsxpress for pit stuff. I didn't want to pay for pit subscriptions since I trade the entire futures spectrum. Higher commissions but since I am a LT trader...I don't really need streaming quotes.
I'm old school...
Ahhh, I see. I'm a longer term trader (weeks not days) so I don't worry about the different time zone reactions. Plus, I don't want to have to follow it thru the night (I'm in the US).
Thanks, good luck to all of us.
Oh please...even the limit up moves in the last week or so weren't problematic. You could have gotten out every single time in the after hours. Only a problem if you are huge and frankly, you wouldn't be on ET.
If you were a spec long on Wheat and you saw a lock limit down into the close after bullish USDA report...what do you thinking would be? :)
I guess we'll know tomorrow whether the Wheat bull is run by the actual poor crop conditions or the specs.
Corn seemed to break away from moving with...
I'm guessing this is a sympathy move with Beans? Now that Beans are about 30...corn aint movin. Literally, its stuck at 15. Strange though since Beans have been on a tear and Corn has done nothing but go down in the last 2 weeks.
Breaking out on bad news (higher yields than estimates) on what looks like it will be high volume. Watching the contract d!ck around in the range for the last week, I figured the shorties had it all under control...especially with the big moves in beans and wheat.
Glad to be proven wrong.