179,000 Sell Orders at the Limit
Jan 12, 2012
The USDA WASDE report came out this morning pushing corn down lock-limit within the first five minutes of trading. Take a look at the screen-capture below taken from the Firetip platform showing 179,172 sell orders sitting at 611 1/2. The market is going to have to fill these orders before backing off limit-down trading, expect any trading up to 611 3/4 to be short lived. If we remain limit-down on the front three corn contracts through the close today we will be trading under expanded limits starting in the night session. To get this powerful platform in your home today, give us a call here at Grain Hedge.
THERE IS A RISK OF LOSS IN TRADING FUTURES AND OPTIONS. FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.