In the overnight electronic session the December Corn is currently trading at 740 ¼ which is 1 ¾ cents lower at this writing. The trading range has been 744 to 738 ¼ so far. No change in my forecast and when the dust settles after the election we could see a significant move and I would not want to be short in the grand scheme of things.
On the Energy Front the December Crude Oil is currently trading at 8554 which is 51 points lower. In the overnight electronic session as I write. The trading range has been 8629 to 8500 so far. I would love to see lower prices and believe it is achievable as long as we have no disruption in Product with refinery outages, Hurricane season and global economic equations that are fostering doubts and keeping this market to reach fair value.
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Have a Great Trading Day!
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