Death comes to us all. Life's but a walking shadow | March corn opened at 412, dropped to 406.2 then rose to 433 before closing a 431.6. The total swing was 26.8 cents and net change was 19.6 cents.
Now if I understand correctly the maintenance margin is $1750/5000 bu. or $0.35 so the first margin calls will come at 441?
And if I estimate the volume from the CME chart somewhere around 230,000 contracts changed hands after the report? This seems like a very significant number to me, what do you traders think? |
Question for traders?
