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| I had a quarterly medical check up this morning, ran a few errands & when I looked at the market...everything was upside down. My sources indicate the spreaders came out of the "woodwork" in response to the bullish corn and bean numbers...selling wheat & buying corn (liquidating positions) & selling beans & buying corn...yesterday everyone wanted to be short corn..this morning most no longer wanted to be short corn. The wheat market had everything going for it, so did the beans...hopefully the mist will clear over the weekend and we can get back to less violent trading. Today's action hurt both wheat and beans technically...will have to see how the market holds monday after the technicians finish selling. | |
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Missed the Open
