Monday, February 25, 2008

Corn and Soybeans Retrace, But not Wheat

Soybeans

Corn

This is very typical dynamic market behavior. I have seen this countless times. After prices rise overnight and early in the session, prices will retrace somewhat before rebounding toward the session close and a new high. However, I have also learned that as soon as I begin to bet money on this occurring without exception, the market will deliver a humbling blow to my finances. I must always stay on my toes and expect the unexpected!