Posted 4/7/2021 20:37 (#8938807) Subject: Price vs gov reports
Trying to figure out why these commodities even trade on days that there are no major gov reports. Since Jan 11th, Dec corn has been up 44 cents. Up 17 cents Jan 12th and up 25 cents March 31.....for a total of 42 cents between those 2 days. Why even waste everyone’s time trading the other days. The market just flat lines for weeks, then over the course of 10 minutes after a report will move 25 cents. I was always under the impression that the market is “forward looking” to take out these big volatile moves on report days.