It can't trade, it's lock limit down. 60k contracts sitting on the ask hoping for buyers.
Let this be a warning to all, don't bet against the commercials!
http://futures.tradingcharts.com/cotcharts/C
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Corn Future ZC
- Thread starter crazy_trader
- Start date
It can't trade, it's lock limit down. 60k contracts sitting on the ask hoping for buyers.
Let this be a warning to all, don't bet against the commercials!
http://futures.tradingcharts.com/cotcharts/C
Quote from Pa(b)st Prime:
Price discovery in U.S. corn is derived from the CBOT. Unlike financial futures markets, grain futures are the primary market. Call up an elevator in Storm Lake to forward contract and they'll quote you "we're 34 cents under Chicago Nov.........."
What type of price do you think would be quoted now, since its limit down, which assuming nothing changes, corn will probably open down on Tue. (not necessarily limit down)
Quote from thegazelle:
What type of price do you think would be quoted now, since its limit down, which assuming nothing changes, corn will probably open down on Tue. (not necessarily limit down)
Grain basis is generally dependant on location.
To-morrow if corn is limit down we'll have to look at the ATM options (which won't be limit down) and then figure out where the futures are synthetically.
Ah, makes perfect sense, forgot to take options into the equation.