Data Differences in Continuous Contract Charts

Discussion in 'Data Sets and Feeds' started by hcour, Mar 31, 2004.

  1. hcour

    hcour Guest

    I'm new to futures so forgive the ignorance. Why are these wkly corn charts so different? The first chart, from MRCI, there are higher lows 01, 02, 03. The second chart, from, there are lower-lows during this period. I realize there are diff ways of calculating the data, back-adjusted, split, what-have-you, but this seems an extreme divergence.

  2. Looks like a monthly and a weekly chart comparison.
  3. Aaron


    Yes, the difference is due to the continuous contract adjustment. Prophet uses forward-adjusting to eliminate the gap when rolling forward to the new contract month. Forward adjusting means that recent prices look completely different than the true market prices (notice the negative prices on your chart).

    Use the Prophet symbol C1600 (instead of C1700) to get the unadjusted Corn price history. This chart looks a lot more like your other chart.
  4. hcour

    hcour Guest


    >> Use the Prophet symbol C1600 <<

    Ok, thanks, the 1600 chart looks much more consistent w/others. Thanks for the explanation.