The last trading day in Aug is upon on and we are seeing soybeans bounce after coming within 2 cents of the mid-July double bottom. This could be the beginning of a turnaround, or just some month-end profit taking after a 70¢ decline. Corn is up today after a couple of steady Read more…
Finishing up the growing season and heading into harvest, the path of least resistance looks to be to the downside for Corn, Beans and Wheat. Corn looks to want to test its recent low in Dec of 366 from Aug 13. If it manages to break that, a test of Read more…
It’s more appropriate to call the USDA report non-bullish than bearish. Everyone knew the crop would be huge, that was no real surprise. Still, the market broke aggressively. Where does that leave us? With Beans and Corn holding the overnight lows from Sunday night, and beans finishing positive on the day, Read more…