Grains Guru
- Corn in Posey county IN, 40 under last year, beans worst ever.
- All markets screaming higher. Corn bulls unite buying 15000 call spreads!
- * they stated that 164.8 is their current, their final is 158.4!!!! Wildly bullish for corn.
- Informa yields: corn 164.8*, beans 44.1.
- Beans and wheat double digits higher ith corn fighting higher.
- USDA US sells 110 TMT hard wheat to egypt and 275 TMT wheat to unknown.
- CNBC headline news "fears growing over global food supply".
- Disappointing session for bulls with minimal volume allowing for vol to fade across floor. Corn hit hardest down2.5% leaving at 34% Z.
- Buy the rumor, sell the fact trade. All markets weaker than openings. Choppy lower trend in low volume.