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Senior Contributor

OptionEye - The Cow Guy - Jan 22nd

Good morning.


A little bounce back this morning. Corn up 2, beans unchanged and wheat up 1. 


Yesterday's sell off in beans was due to the fact that investors had more worries that China might cancel orders from the U.S. A few traders had speculators selling beans to buy corn but some of the strength in corn I think was due to the reduction in the Brazilian production numbers. 


The rest of the markets look relatively quiet so far. The weather in New York will slow us a bit today. Equities are slightly lower. God is at $1240.88 down .53 cents. 


Oil is up .55 cents to $95.52. 


The dollar is slightly lower at 80.99 down .10. 


Let's see how much the snow affects things today. 





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