Grains: Yesterday Beans were 15 cents higher, Corn 4 higher and Wheat 1’6 lower. Over night Beans were 12 higher, Corn 2 higher and Wheat 3 higher. We remain long out of the money calls and/or call spreads in July Corn. I am currently on the sidelines in Beans and Wheat but will look at sharp breaks as buying opportunities.

Cattle: Yesterday Live Cattle were 25-85 lower with the August contract 50 lower at 82.62. I want to be a buyer on the August contract below the 82.30 level or on a buy stop if the market trades above the 84.10 level.

Silver: July Silver is currently 11 cents higher at 14.23. I remain on the sidelines having missed this last leg to the upside. I am looking to be a buyer below the 13.60 level if the market allows. Resistance continues to remain at the 14.40 level.

Currencies: As of this writing the June Euro is 48 higher at 1.3696, the Swiss 27 higher, the Yen 44 higher and the Pound 4 lower at 1.5507. We have been stopped out of our short position in the Pound. The June Dollar Index is 25 lower at 81.80. We remain long this market with a protective sell stop at 81.65.

Regards,