Monday October 26th 2009

Good Morning !

Did traders get news of better than predicted weather forecast or was it simply profit taking pouncing on the December Corn in Fridays open outcry session settling below $4.00 at 397 3/4. In the overnight session we are trading at 399 as I write which is up 1 1/4 of a cent.The range is 402 3/4 to 395 1/2. I believe the market will test $400 and try to have a close above this level. On the Energy front we have quiet trade in the overnight session. Keep an eye on the U.S. Dollar which is trading 8 lower at 7552. If this market breaks and sells off this will wake up the Energy Bulls !

Have a Great Trading Day !