Originally Posted by mrbaseball
It will be wild. Just like unemployment for any other market or crude and gas supply numbers or fed announcements. These all happen when the markets are open. These are the moments that traders live for. Why should grains be closed when their reports come out? Doesn't make sense to me. News is news and being open when the news comes out is better than being closed when the news comes out if you ask me. I will be watching closely to see just what kinds of opportunities avil themselves but I'll wait at least another report or two before I jump in the pond.
cant disagree more. unemployment reports aren't really an apt comparison. those are one number which can easily be compared to a projected number. it takes about 2 seconds to process the information.
as i'm sure you know, this is what an ag report looks like: http://www.usda.gov/oce/commodity/wasde/latest.pdf
that's not a number you can analyze in a few seconds.
not to mention the site has a tendency to lag on report days. there's been multiple instances where I haven't been able to get the report open at 8:30 exactly, which didn't matter in the past but will obviously be an issue now.
your point that markets should be open when news comes out is reasonable but there is a fine line between total liquidity and unfair/dangerous market conditions. there's a big difference in processing information over the course of seconds compared to even just a few minutes. one will lead to unneeded volatility.