The March Corn is trading at at 401 1/4 which is up 1 1/4 cents as I write.The range has been 401 1/2 to 399.All of the focus is on the U.S. Dollar in this light volume Holiday trading season.I remain bullish Corn long term.
On the Energy Front we continue to focus on geopolitical events over the Holiday Season.Traders will focus if Iran will make a stupid offensive during our Holy Day. We are quiet today trading at 7305 basis February Crude Oil which is down 67 cents.The range is 7402 to 7288 . I expect we will try and test the highs before the session is over. I expect traders will not want to be net short going into the Holiday shortened trading session.
Have a Great Trading Day !
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