-At 12-Noon:
One trader says there is still a lot of talk on the floor about a big difference in the corn price this morning between the floor and the screen. Here is his explanation of the buzz on the floor:
There are various stories going around about the big split between the electronic and pit Mar corn markets this am. Most say a very large order was entered electronically for between 3,000-8,000 contracts to sell Mar corn, supposedly on a sell stop. Some say this was only supposed to be an order for 300-800 contracts and by mistake another 0 was added. If that were the case, one would think the CME would void the trade, as they have done on previous occasions of that type. No trades were voided this morning so perhaps the order really was supposed to be that large. -