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Good Morning!
Corn is on the rise!
All bets are on that our Corn crop won't show the yields that we normally see.
What's normal?
It's not the weather!
Seasonal traders like to short this market in this time of the summer and the bears are
scared.The December Corn is trading at 396 ¼ which is up 5 ½ cents.The range has been 396 ½ to 390.
I still have not changed my bias. Stay Long!
On the Energy Front we remain on the upside of a fickle range and the odds are that the floor
should drop barring any geo-political forces that may change the continuity of this choppy market.
We also must remember the current administrations political posturing and threats in the Middle-East
and Korean Peninsula which could drive us higher.
I still remain bearish in our current economic envirement.
Have a Great Trading Day !
Call me for daily numbers.
1-800-935-6487
1-312-563-8093
dflynn@pfgbest.com
There is substantial risk of loss trading commodity futures and options.
Past performance is not indicative of future results.
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