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Tech Guy's Opening Calls 03/08/2022

CBOT May Wheat 2 to 10 higher May Corn 2 to 3 higher May Beans 1 to 2 higher

The soybean margin was increased to $7012 and corn margin to $3927. That means the clearing house expects soybeans to have at least a $1.40 move in one a day and corn to have at least one expanded lock limit day.

Further showing market participant’s concern, Schwab Futures and Forex, LLC is not allowing corn opening trades; closing trades only to liquidate positions. The representative I spoke with said this is because the risk assessment team determined there is a moderate to high probability of corn having several lock limit days like wheat did.

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