Wednesday October 21st 2009
Good Morning !
No surprise the dollar rally once again stalled and is heading south AGAIN. The December Corn is trading at 381 1/2 which is down 3 cents as I write.The range was 386 to 381 1/4. The weather window of opportunity for harvest is changing for the worst after today's nice weather. I know farmers are working double-time and bulls are ready to pounce and start another rally in this market.
On the Energy Front we are pulling back of the highs in the low 80's and await the weekly inventory numbers. I expect a build in Crude Oil and a draw in the Products.