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SE Iowa | 6.04-5 battle ground today and closed above..... outside bar only...no close above the yesterday high... found some sellers up there though... volume died off when the action went to the beans via soyoil... sx has inverted head and shoulders and would project 12.52-60 ish... need brk up above 11.93.. july bean longs moving to aug.. surprised with the export bean sales... not so much corn poor o/c with cancels in the new crop..still showing lack of interest.
z still stuck in this range ... say 5.25-5.50..until more is known bout these rains.. there is a hurricane making its way to the gulf..
beans could be the sleeper here...closes below 11.70 prolly = wx has changed.. I like longs against 11.77.. for now..you know what your risk is ..here.. | |
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July corn
