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Posted: Sun Feb 13, 2011 3:41 pm
I just opened an account with Interactive Brokers. The 2/11/11 closing price for May 2011 Corn on the CBOT was 717 2/8. IB has it quoted at 7.0875 close. Am I missing something?
Posted: Mon Feb 14, 2011 5:05 am
Are you absolutely sure you are comparing the same month? Mar and May are about 9c apart. Could this explain the difference?
Posted: Mon Feb 14, 2011 2:00 pm
Yes, I am sure about the May vs March contract. In fact, CSI data's closing price for May 2011 corn agrees with the CBOT quote. Hence, my concern about Interactive Brokers price discrepancy.