Tuesday 14th Last Trading Day Sept. grain contracts
Wed. 15th NOPA Crush #
Report out of the way, sell the rumor buy the fact.
Bear report short covering.
Gap filled on the Dec. Corn contract
Both Dec. Corn and Nov. Beans went below the 200 day moving avg. (twice for Dec. Corn) and Nov. Beans held the support.
Dec. Corn the 200 day ma. is 505.25
Nov. Beans the 200 day ma. is 1261.50
Close under those numbers imho go with the trade (short) for a trade.
We will now see and hear about harvest everyday and yields as the days go by.
4 week avg’s
Dec. Corn 536.75
Nov. Beans 1321.25