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| 102 degrees in areas of Mato Grosso Brazil yesterday-THIS IS SPRING DOWN THERE!!! Jordan bot a little USSR wheat overnight...unless some large business is uncovered, in view of a stronger dollar, I think the old crop wheat is going to be a sideways choppy affair for a little while...still think it has potential (in my personal opinion). but think the market is going to have to PROVE itself...still am lightly buying july corn as I want a little into the report & may buy a bit more after the report...I am going to take a stab at lightly selling Sept wheat as I think much of the recent strength has been the result of spread unwinding....also am going to take a stab at few beans on a 20 cent break...may not happen.....may be wrong..but can't just sit here...colder weather will soon be on us & always an opportunity at the car wash for a broke trader as the younger guys can't handle the cold. If I make some dough...may go to Brazil & observe the crop. | |
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Some thoughts
