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Market Liquidity for grains!

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    Market Liquidity for grains!

    Mallee, did you see this?

    The Chicago Board of Trade posted agricultural futures volume of 106.5
    million contracts with another 21.7 million options.

    Electronic trade averaged 72,571 a day, a tenfold increase over 2006, while pit trading rose 23% to 420,745 a day.

    Chicago trade represented about 485 billion bushels, or roughly 26 times the year's U.S. corn, wheat, soybean and oat production.

    Minneapolis and Kansas City wheat trade for the calendar year rose 16% and 19% respectively to 1.66 and 4.76 million contracts.

    At the Winnipeg Commodity exchange, canola volume set a record at 2.61 million contracts but total volume was not a new high because of delisting of several contracts since 2001, when the record of 2.85 million contracts was
    posted.

    WOW!

    #2
    We have a feeding frenzy on our hands.
    There are still 90,000 corn contracts to be filled so the next trading day will be another limit up.

    HAAAHAAAHAAA!!!!

    Comment


      #3
      Feeding frenzy is an apt description.

      CP without the funds in the picture your highs will never materialize in my opinion,love hate they are needed for higher highs and on the flip side lower lows

      Comment


        #4
        Funds in the picture??
        No sh@t sherlock.

        Comment

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