Tuesday November 24th 2009
Good Morning !
The U.S. Dollar once again cannot sustain any strength. Meanwhile the December Corn looks the same with looking exhausted after yesterdays big rally only to settle lower in yesterdays open outcry session. In last nights session the December Corn is going no where fast. As I write we are trading at 386 which is down 1 1/4 cents. The range is 387 1/4 to 383. We are in Holiday Markets and must be cautious of the crazy swings that these markets can bring to the table. It seems $4 Corn replenishes Bear Forces that makes them poised to pounce regardless of the Dollar or Harvest news.
Stay Tuned !
On the Energy Front were trading a little lower which should create a buying opportuninity in the short term. We continue playing the trading range the market has given us so far.
Have a Great Trading Day !