This is very bullish to me. Today's grain sell-off turned into a rally. Soybeans recovered 45 cents from its lows, forming a dragonfly dogi on the daily chart after touching limit down. Corn and wheat rallied well off limit down lows also. This appears to me to be a very bullish omen, unless the Dollar strengthens even more.Tuesday, September 2, 2008
Soybean Rout Turns to Soybean Rally
This is very bullish to me. Today's grain sell-off turned into a rally. Soybeans recovered 45 cents from its lows, forming a dragonfly dogi on the daily chart after touching limit down. Corn and wheat rallied well off limit down lows also. This appears to me to be a very bullish omen, unless the Dollar strengthens even more.
