I hope that you guys are following the grains market...Please don't take this as trade recommendation, but I would like to tell you that I am extremely bullish on all grains...
Corn went limit up today and stayed limit up all over the session...Wheat was trading almost all the day just below limit up, touching it everynow & then...
And finally soybeans were close to limit up by the end of the session, up over 40 cents & closed just 4 cents below the limit up on a record volume.....
It is being told that this pop up is a result of the USDA reports today published before the market opens...News were bullish for corn but were bearish for wheat & soybeans...Despite that the news were bearish, wheat and soybeans showed extreme strength & rallied strongly...This alone was the reason why I went long soybeans once again after I got out of the market 2 months ago...
Please take care if you are going to consider trading these markets right now as the volatility is huge...You are doing that at your own responsibility...
Thanks,
Nader
Corn went limit up today and stayed limit up all over the session...Wheat was trading almost all the day just below limit up, touching it everynow & then...
And finally soybeans were close to limit up by the end of the session, up over 40 cents & closed just 4 cents below the limit up on a record volume.....
It is being told that this pop up is a result of the USDA reports today published before the market opens...News were bullish for corn but were bearish for wheat & soybeans...Despite that the news were bearish, wheat and soybeans showed extreme strength & rallied strongly...This alone was the reason why I went long soybeans once again after I got out of the market 2 months ago...
Please take care if you are going to consider trading these markets right now as the volatility is huge...You are doing that at your own responsibility...
Thanks,
Nader