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Mascoutah, Illinois | You are correct about corn. Resistance still at $4.39 and then $4.50 in December. Beans at $10.49 and then $10.60 in November.
I believe the markets are waiting for some combines to roll for some yield clarity. Many nervous folks sitting and watching.
I keep asking myself in the highs are in for the rest of the calender year. We have moved up a dollar in corn in six weeks.
Just as I believed 165 was priced into the market is 162 now about priced in? According S.C., he doesn't think so. He knows far better than I.
We should get some market confirmation this week at the $4.39 level and $10.49 level. | |
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