All Grains Limit Up Toady
- Thread starter Shagi
- Start date
Corn, Soy, Wheat Prices Surge as U.S. Cuts Supply Outlook
October 08, 2010, 11:21 AM EDT
Oct. 8 (Bloomberg) -- Grain and oilseed prices rose the most allowed by the Chicago Board of Trade after the U.S. government said doemstic and world supplies of corn, soybeans and wheat will be smaller than forecast last month.
http://www.businessweek.com/news/20...-prices-surge-as-u-s-cuts-supply-outlook.html
the world is quickly running out of food....
October 08, 2010, 11:21 AM EDT
Oct. 8 (Bloomberg) -- Grain and oilseed prices rose the most allowed by the Chicago Board of Trade after the U.S. government said doemstic and world supplies of corn, soybeans and wheat will be smaller than forecast last month.
http://www.businessweek.com/news/20...-prices-surge-as-u-s-cuts-supply-outlook.html
the world is quickly running out of food....
I got slaughtered in grains, and did okay in cotton. Ironic.
Does anyone have suggestions on a service (for pay is fine) which would alert me in advance of "pivotal" reports? For my strategy, I don't mind paying in advance to hedge properly.
I have a calendar of course. But in this case... I honestly didn't realize the report today was considered that significant. I thought the end of quarter report (last week) was the main mover. Now I read some analyst papers from yesterday, and they of course point out today's report is considered "pivotal". I'd like a week's prior notice of the reports considered "pivotal".
Any resources out there I should look at?
Does anyone have suggestions on a service (for pay is fine) which would alert me in advance of "pivotal" reports? For my strategy, I don't mind paying in advance to hedge properly.
I have a calendar of course. But in this case... I honestly didn't realize the report today was considered that significant. I thought the end of quarter report (last week) was the main mover. Now I read some analyst papers from yesterday, and they of course point out today's report is considered "pivotal". I'd like a week's prior notice of the reports considered "pivotal".
Any resources out there I should look at?
Margin calls a-coming...
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv10-425.pdf
http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv10-425.pdf
Well, great. So more reason to be a bull on Monday.
Anyone without access to the pit floor today is just... hurting. (Well, even more hurting. I'm down -15% on the day.. but at least I managed to flatten most (not all) of my exposure.)
You could buy the futures at any point through synthetics. (Although I was surprised CME pit guys use a deep ITM call rather than a true arb-equivalent long call/short put... which is what I've always seen before.)