cancel
Showing results for 
Search instead for 
Did you mean: 
Contributor

8&5, why are we down? Nt

 
0 Kudos
5 Replies
Honored Advisor

Re: 8&5, why are we down? Nt

Profit taking.

0 Kudos
Senior Advisor

Re: 8&5, why are we down? Nt

We have another brokerage issue........dueling weather map........already high prices.......a report.....

Bound to be a bit of volitility
0 Kudos
Veteran Contributor

Re: 8&5, why are we down? Nt

If the Chicago boys sell it is called profit taking, if Vrbuck sells it is called stupidity!! Why would anybody take their profits off the table. We all know which way the market is going.
0 Kudos
Senior Advisor

Re: 8&5, why are we down? Nt

Now would that comment be made with 3 or 7 dollar corn......
0 Kudos
Veteran Contributor

Re: 8&5, why are we down? Nt

My personal opinion is that many folks were not going to be long into this USDA report on Wednesday given USDA's proven behind the curve numbers and perceived bearish tendencies.  They saw the opportunity to bank profits and they got out ahead of Tuesday's trade.

 

Also, I think we have a better chance of ignoring USDA's bearish numbers on Wednesday with a little pullback today.  If they are bullish numbers--look out above!

0 Kudos