The March Corn is trading near the highs at 409 1/4 putting it up 1 3/4 cents as I write. The range is 409 1/2 to 404 1/4. Expect this rally to continue and don't be afraid to bank profits. This market is trending and it is my believe we will trade higher and higher in the long haul !
On the Energy Front the API data showed builds on Crude and Gasoline with larger draws on Distillates
which is no surprise seasonally. We have several reports do out at 7:30 C.S.T. C.P.I., Housing Starts and Real Earnings. And the confirming E.I.A. data at 9:30 C.S.T.
Will there be a surprise ?
Stay Tuned !