Posted 4/6/2011 23:57 (#1712377 - in reply to #1712220) Subject: Intraday Indicative Value
NE Colorado
CORN closed today at $45.81. I understand the price of ETFs is supposed to be close to their "Intraday Indicative Value" also known as "Underlying Trading Value" but can be at times at a premium or a discount.
What I don't get is this: do these values relate to a certain number of bushels of corn? Six bushels or maybe seven and from different months?
Buying CORN fund
