Registered: Sep 2003
04-05-13 01:41 PM
Quote from TraDaToR:
Quote from this article above:
It certainly creates a little more excitement for the markets, Mark Schultz, the chief market analyst at Northstar Commodity Investment Co., said by telephone from Minneapolis. Farmers have mentioned they have a hard time getting motivated to trade when its continuously moving.
I thought farmers were hedgers. Why do they need "excitement"? are they hedgers or gamblers?
But then the same article quotes the National Grain & Feed Association and a "grain merchandiser' who both feel reduced hours affects risk management/hedging negatively.
The article is fully of contradictory positions by the participants.
Personally, to avoid all this confusion and blatant bias, the CME should put ALL electronic markets on a 24 hour schedule identical to the current schedules for Gold & Crude Oil i.e. 5pm CT to 4:15 CT