I hope thats not the case. Implied vola was up in many of the grains today, but not *that* much. If you really thought that was going to happen, you shoulda bought a straddle.
Coulda bought a May corn straddle for 60, or a bean straddle for 80 today.
yes, that serious...there has been so much hype regarding this report and a set up for real disappointment or real positivbe surprise...NOTE: you can trade ICE Sugar #11 during the time of the announcement...
I've never seen what the Chinese futures depth looks like, but volume and open interest are a bit deceiving...their contracts (I believe) are the equivalent to about 500bu, or a very small truckload.
Milling Wheat will move hard off the numbers as they're released. Will probably go quiet then until CBOT open. You will get your hedge on if you're mad enough to hold into that data release.
