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Middle Tennessee | Strange question for you guys...Out of curiosity, I've been digging around how soybeans behaved in 2012 prior and through the May WASDE.
WASDE was released May 11. The Barchart data looked strange, so I went to quandl.com, and sure enough for May 9, 10, and 11, the archived ranges on the July contract were, open, high, low, settle
May 9: 1421 1435 1415 1430
May 10: 1452 1458 1447 1455
May 11: 1440 1444 1404 1406
Did the contract really have a huge midweek gap up, and then a gap down the next day? If so, what were the circumstances of that?
EDIT: I had originally transcribed the numbers with a 12 in front, shoulda been 14 of course.
Edited by LongKC 5/8/2014 15:16
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Soybeans Setting Up For Ugly Close?
