I will be off the floor today to return tomorrow. Subscribers could have taken off two positions in corn yesterday leaving only 1 unit of long delta left.
The markets are looking to pull back a bit from yesterday’s upside charge. Nothing dramatic with only a 30% retracement expected. Crop ratings remained flat for beans with corn showing a 2% decline. Nothing exciting there. Crude is lower dragging all markets back on this “turn around” Tuesday.
Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.