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Mood Check
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Sunny
Posted 4/18/2008 13:31 (#360635 - in reply to #360577)
Subject: RE: Mood Check



I'll offer my guess since no one else has ...

 It is raining here in the western Illinois ... I'm guessing corn doesn't come down until weather clears, unless they really do suddenly drop the ethanol subsidy, which seems doubtful.

 S&P up 2% today with a couple large gaps below ... I'd expect at least some back and fill (whatever that is Undecided)  ... some say the bottom is in, but I see recession still looming and inflation still a threat.  Google numbers don't solve the bank problems.

 I thought rumor was that large acres were switching to corn, so would expect beans to hold on unless corn gets delayed.

But I don't know those markets all that well ... I'm just blurting out my thoughts ... 

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