corn was -0.7% and in the last 30 mins it had a pullback that saved 2ticks from the longs.
Exactly between 1156 and 1159, Somebody brought big buyers wich pulled prices upwards:
I can see you need 400 contracts off balance to make this market move a couple of ticks…
Also the balance was mainly in the bid size, as total positive ‘bidasks’ were 13k at the bid’s side and 10k at the ask.
It means it was a fund buying day parking big bid order at very tough levels for asks to refuse.
Tomorrow there is the USDA in the calendar so I should take notice of such action from the same perspective in the bidask blance and tick by tick trading.