Wednesday, September 16, 2009

Roller Coaster Grains

Arlan Suderman was dead right. Sell into the rallies! Corn has given up almost all its gains from yesterday. Soybeans also. This is classic short-covering rally, followed by more shorting. Here's what Arlan twittered today:
GFS Midday update does not support frost threat in 6-10 day; prices responding by dropping lower.