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Veteran Advisor

what's everyone's

lovely opinion on the record bean volume Fri?   375k

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5 Replies
Friend

Re: what's everyone's

i think we had such high volume because at first the report had a bullish feel to it, lower carryout.. this caused the algos to try to run it higher and squeezed some of the shorts out, the rally wasnt sustainable because of commercials stepping in and hedging. plus fundamentals entered the market after they saw that the acrage wasn't hit much and people still believe yields have to be adjusted higher, so new shorts entered. so in short high volume because bullish and bearish side had reason to trade i believe
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Senior Contributor

Re: what's everyone's

Welcome to the site , quarterhalf.  Look foward to reading your future posts.

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Veteran Advisor

Re: what's everyone's

yes, 1/4 1/2 - welcome, indeed

 

i follow your logic -- the volume by itself sure is an attn getter.

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Friend

Re: what's everyone's

thanks guys!

yep and also tonights volume is pretty impressive
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Senior Contributor

Re: what's everyone's

Welcome quarter half. Now get organic grain on the CBC, so I can take a break! Lol....The USDA calls me every two weeks to discuss pricing, which seems a bit out of the ordinary. Lol.
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