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| Trading has increasingly become more "exciting". There was a time when fundamentals tended to rule because the players dealt with the actual grain (buying, selling, using). Now those players are dwarfed by folks with far more money. I'm not even sure the "inside information" that big grain buyers would get (ie. china is buying next week) even matters if funds and others have another plan for the market. In other words, the OJ report in the movie "Trading Places" may not matter.
So, new fundamentals that are not as easy to track and HFT that is impossible to keep up with. Still it's humans doing the trading and human behavior has some levels of predictability. The issue is trying figure what is influencing folks to get in and out of the market, because it's not over supply or lack of supply.
That said, good yields will give rise to lower prices | |
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The rules of trading?
