Here come the holidays…..
By Mark O’Brien, Senior Broker
The CME Group and ICE observe Thanksgiving, Christmas and New Year’s Day. “Observe,” translates to abbreviated trading hours for some the major commodity markets.
It’s a good idea to know the abbreviated trading hours and the best place to go for these is straight to the source.
The link below will take you to the page on the CME Group web site where you’ll find the 2022 CME Globex Trading Schedule:
https://www.cmegroup.com/tools-information/holiday-calendar.html
The link below will take you to the page on the ICE web site where you’ll find the 2022 ICE U.S. Trading Schedule:
Important date on the calendar:
It’s not too early to give traders the heads up: Wednesday, Nov. 30 is First Notice Day for a slew of major futures contracts, including December Financials (T-bonds, T-notes), December grains (corn, Chi., K.C., MN wheat, Soybean oil, Soymeal) and December metals (gold, silver & copper). Plan to roll your long positions to the next front month in the days ahead.
Remember, all these contracts are deliverable, meaning if you hold any long position through First Notice Day, you’re giving the exchange notice that you intend to take physical delivery of the futures contract’s underlying commodity, like 5,000 bushels of corn. In case you haven’t contemplated the size of that, it’s 280,00 pounds, or 140 tons of corn. It would take two standard 45-ft. shipping containers to bring that to your front door. Incidentally, you’ll receive a $100,000 10-yr. Treasury note if you hold its futures contract through First Notice Day.
Plan your trade and trade your plan.
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.
Futures Trading Levels
for 11-17-2022
Economic Reports, Source:
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.
