Follwoing a relatively quiet fundamental weekend the Sunday night trade points to a seriously higher start to the week. This is early but we aare looking at 20+ higher for beans with corn and wheat up 6-8. This is cotninued technical buying in spite of congressional fears. The overall sentiment is we are too oversold in relation to other commodity groups…and they’re right.

This entry was posted on Sunday, August 2nd, 2009 at 11:28 pm and is filed under Grains. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.