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San Diego | there were huge bids 380.00 and also 380.25 and sellers could not chew thru all, then buyers took may corn back up over 384 into the close. this all looks good for a higher price by sunday nite.
if long around 380.25 then could add if dec corn tries the 400 round number. stop out of all if dec corn breaks and holds below the 400 round number.
also creeping into the research notes is 'delayed planting' with all the snow & rain.. the spreads with long corn and short wheat/beans certainly worked today..
cheers! | |
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Chatter that farmers could plant as much as 91-92 million acres of corn
