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| I am guessing that most of this has to do with March options expiring on Friday. Someone wanted to keep the price down and keep some puts in the money. The next month of trading (up to the acreage report) is going to be crazy. I think there is going to be a great opportunity to short one of these commodities. The problem is... which one?
At this point in time, I think new crop corn is the item to be most bullish on. New crop beans scare me, and I would not be surprised to see Chicago July wheat back under $8 by the time the combines start to roll.
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Sunday night price move
