delayed opening

Discussion in 'Commodity Futures' started by maninjapan, Oct 8, 2010.

  1. local

    local

    All usda reports are important and if you want to make a living at trading grains you have to pay attention. As for this past week, the market was anticipating a bullish report for corn throughout the week as evidenced by a very significant tightening of the spreads. The z10/z11 traded from even money to a high of 58 over today. This is telling the market something very important. I had an excellent week trading corn flat price and spreads only because I was paying attention to the spreads. I have a trading floor background as a local and as any local will tell you, knowing what is happening to the spreads will reveal much about the flat price.

    Regards, local
     
    #11     Oct 8, 2010
  2. IV may not tell you much - IV is a measurement of uncertainty...

    when the report is due, of course the uncertainty is high, hence the jump in IV...

    but the realized outcome can be random: prices going up or down...
     
    #12     Oct 14, 2010