Thursday, April 3, 2008

Corn Rebounds Stronger Into Close

This is a very good example of a set of parallels. Corn was the only grain I traded today. Spreads were too wide, and trading was too erratic, to trade soybeans or wheat. Prices closed below $6 -- with settlement literally just one tick shy -- but I suspect we'll see prices close above that level very soon.

Fundamentals remain strong according to this Washington Post article:

Grain Prices Rise on Supply Concerns