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Alpari Grain Outlook 01/10

On Friday, January 11 the USDA will release its monthly crop report. For the first time it will have a new release time at 11 central time. Electronic trading systems and exchange pit trading will both be open. Initial reaction will come from those who positioned themselves based on pre-report estimates. It will be a sharp knee-jerk reaction as those who either received or did not receive the numbers they expected having them panic out and others taking profits. I'm noting this so as to understand that the initial reaction may be different than the close of the trade. Reasons, analysts will need time to measure all numbers against near and long-term comparisons to determine whether the report is near or long term bullish or bearish.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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