Market movement Mar16WM – Jan 2016

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It’s like watching a tennis match volley, for maize prices, as the market players keep hitting prices from side to side without it ever Market movetouching the ground.  The column chart below portrays the price action for the MAR16WMAZ contract over the past 10 sessions.  It’s clear from the chart that prices continue a volatile ‘volley’ as we’ve seen 4 lower extended limit moves, 4 higher extended limit moves, 1 lower limit move and one near extended limit lower move.  Sure uncertainty on where prices should or could be.