According to this article, USDA reports will remain at the current time during market hours. http://www.businessweek.com/news/20...ing-grain-trading-hours-after-customer-survey
Well... that makes it sound like this isn't some kind of creeping revisionism, that we aren't getting to the point where hours keep shrinking and USDA reports are released during off hours. *IF* that's the case, I'll live with it.
Can someone tell me what planet these guys are from? One guy is quoted saying his clients were concerned beans prices might be down 30-40 in the middle of the night.. News flash, grains have ALWAYS traded in the middle of the night.
interesting. What do you think? Compressing market makes sense? Except, mkt hours for USA are diferent than China. Kind of gives ICE an international edge. I know in the middle of the night on that globex corn, you might as well just emailed the guy on the other side, because it was just you and him.
There is plenty of overnight liquidity in grains. Spreads are tight even on big moves, quite a bit of volume is traded.
DO people really believe that volume dropped due to expanded hours. That volume will increase with reduced hours? That there needs to be a defined "open" and "close" akin to a pit "open" and "close" for liquidity to exist. These are ridiculous assertions completely belied by the evidence of the equity index markets (ES) and the interest rate markets (ZN).