Heading into the holiday I expect to see markets chop around with a slightly negative trend for corn as harvest continues to pressure the gulf. We ahve seen bean movemnt flater recently helping babis pop hoping to curtail massive Chinese buying. The reason we need to curtail is we are currently running at 200% of last year’s pace of both sales and shipments. We ahve 72% of the total crop sold at this point…2 months into the crop year.

I will be out the rest of the week returning on Tuesday to hit December hard with relationships the focus of the trade.

This entry was posted on Tuesday, November 24th, 2009 at 10:17 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.