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What I think will happen this week in corn and soybeans.
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ruok2gr8
Posted 8/8/2010 20:21 (#1306736 - in reply to #1306121)
Subject: Re: What I think will happen this week in corn and soybeans.


one explanation I heard about the limit down close,and rebound of the corn and soybeans on friday was this--

traders had been buying wheat and then selling corn and beans as the wheat market exploded to the upside and then on friday many were closing out some of these trades (profit taking) selling wheat which drove the price of wheat down and raised the corn and beans as they bought them back

saw online that one guy made about one thousand bucks this way in less than an hour 's trading
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