Thursday October 29th 2009
Good Morning !
The December Corn bounced off the current sell off trading at 372 which is up 3 cents as I write. The range is 372 3/4 to 367.Continued rainy weather across the plains and west and southern Corn growing regions which is hindering the finality off harvesting which may get the bulls back up in running in this market.
On the Energy Front we need to see December Crude Oil to make a new leg down and break through $77 to make common sense in this marketr.
The keys to the trade today is once again the U.S. Dollar, Stock Market and Geo-Political concerns are critical to our direction.
Have a Great Trading Day !