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North Central Illinois | Paul don't feel like the Lone Ranger. I sold a little bit too. I really think we sell off tomorrow. If they come out with anything over 162 I think the market will trade it as bearish. Depspite all of the talk about yields being off they are going to look at crop condition ratings and ear counts when arriving at a number. If the crop is indeed smaller as a lot of us think the USDA is not in the habit of changing their numbers much before December. I think we have already built a lot of bullish sentiment into this market which makes it ripe for a sell off tomorrow even if the number seems modestly bullish at first glance. I think storage will pay huge this year. I think we sell off now and then begin a steady climb in late December or in January. JMHO. | |
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Guaranteed tomorrow will be Bullish
