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.

This entry was posted on Tuesday, August 4th, 2009 at 9:24 am 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.