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Scalping Corn futures (ZC) - reports release dates


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Scalping Corn futures (ZC) - reports release dates

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  #11 (permalink)
 myrrdin 
Linz Austria
 
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Sheen View Post
So, in most cases does it happen with a gap after the previous day close or during a session? How often does a limit move happen

It happens as well during a session as with a gap. Some reports are published during a session, some after the close.

To find out how often limit moves happen please have a look at the chart.

Best regards, Myrrdin

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  #12 (permalink)
 CSC1 
Vancouver, Canada
 
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Sheen View Post
I am looking into scalping the corn futures (ZC on CBOT).
What are the most important reports affecting ZC and when are they released?

Also, I am planning to be watching the nearest two months of ZC as there are periods where both are liquid enough to trade and a lot of spreading is going on which might be helpful to decide which month to go long/short.

What other markets do you recommend I should watch?

-The calendar spreading is very competitive across the ag complex, especially in corn. I don't know how worthwhile it would be to watch the spreads relative to scalping outrights. I would highly recommend against trying to leg corn calendar spreads manually.

-Google is your friend when trying to find when USDA reports are released...

-If you're going to use limit orders I would advise reading up on the matching algorithm for the various ag products because you'll find the size you're trading affects your queue priority.

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  #13 (permalink)
Sheen
London UK
 
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wow, I would like to thank everyone for their contribution. This forum rocks compared to some other ones
Considering all the information you provided I changed my mind and will not pursue my strategy in ZC. It was more dictated by looking for a market uncorrelated to anything financial but the cons outweigh the pros

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  #14 (permalink)
maxinger
singapore
 
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just some added info for scalper (or rather day trader).

yesterday there was USDA report on grain.
Notice the grain price moved decisively upon release of report.


Personally I prefer day trading soya bean ZS then corn ZC.
day range for soya bean tends to be bigger.

but for calender spreaders, it might not matter much.

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  #15 (permalink)
 myrrdin 
Linz Austria
 
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maxinger View Post

yesterday there was USDA report on grain.
Notice the grain price moved decisively upon release of report.


Nowadays, there is always a very quick reaction after USDA reports which is caused by automatic trading algorithms. After some time, when the first human beings have studied the report, the real moves begin.

This was different some years ago, when USDA reports were published before the open.

Best regards, Myrrdin

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  #16 (permalink)
 CSC1 
Vancouver, Canada
 
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Sheen View Post

Also, I am planning to be watching the nearest two months of ZC as there are periods where both are liquid enough to trade and a lot of spreading is going on which might be helpful to decide which month to go long/short.

Revisiting this thread, had another thought I want to share that touches on watching further out contracts to scalp the front month; If a back month is sitting on an options strike it might attract some delta hedging that would ripple out to the front month, might be good for some noise or maybe a bounce.


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Last Updated on September 30, 2017


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