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    June 2, 2022

    HRC & Bush Futures: Post-March Hangover Sends Futures into Hibernation

    Written by David Feldstein

    Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active in the ferrous derivatives space since 2012.

    After the most intense period in the history of the HRC futures in March, the exhausted market is taking a much-needed rest. This chart shows the CME Midwest HRC futures curve’s settlements earlier today and from two weeks ago. In the lower panel it shows each future’s change over that period. Except for September’s $30 gain, no month has moved by more than $11 up or down.

    David Feldstein, SMU Contributor

    David Feldstein

    SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. Feldstein earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. He can be reached at davefeldstein@gmail.com.

    Read more from David Feldstein

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