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Buxton ND | ZCZ volume 117k yesterday 87k a 35 % increase on a up day,,,perks my ears up.....
ZCZ pit vol 1626 contracts not 1% of trade,WHY so low pit volume,,,No one wants to be "seen" trading
ZCZ OTC trade 14191
With a dam good hint from Ken Morrison today,pretty sure I just caught the big boy commercials covering those "rumored" sales to China from yesterday,last Friday and maybe even early last weeks rumored sales......NO USDA,,,,,NO 24 hour reporting rule and or NO ONE to try to in force rules as mandated by congress...........
Now commercial have their tricks of the trade,,,tricks they can use,,,but tricks can still be picked up in the CME groups #'s. I've watched this type of market action for a few years trying to figure out WFT is it...... But pretty sure this is commercials trading between commercials or possible swap dealers more then willing to sell their shorts to commercials covering Jon's corn sales to China.
I'm still very open to idea's on this subject !!!!!
IDK if this action is bullish or bearish,but I can say in 2012 is was bearish corn,more so beans | |
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Today corn trade/OTC
