Sunday, March 9, 2008

Soybeans: Lock Limit Down -- Day Two!


Soybeans, as I expected have locked limit down for a second consecutive day. However, the number of pending short contracts is relatively few, so I don't know if soybeans will remain lock limit down into the day trading session tomorrow. There are only about 1600 contracts pending at this hour Sunday evening, but the number is growing minute by minute, so over the next few hours, who can guess what will happen?

Corn is also down dramatically, but has not yet reached lock limit.