ShelladyOptions
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09-05-2012
07:46 AM
OptionEye....Sept 5th
Good morning.
I guess now its a bean story. Corn is done. The volumes yesterday confirmed that. If we get another scare in beans corn can run too.
Today we are backing up a tad. Beans off 7, corn off 5 and wheat off 4.
The world is still unchanged or worse from 6 months ago.The headlines are still dominated by the DNC, Draghi and any U.S. economic data. I really am looking forward to the Sept. 12th report. Yesterday we set another record in beans and FC Stone came out and said that corn was a little on the high end. We shall see. Big report Friday for jobs will also set the tone.
Scott