Since corn and soybeans were both limit down overnight, I didn't take any additional trades today. I remain short soybeans, having reduced my position for the three-day Easter weekend.
The CME increased the limit on wheat again from $.90 to $1.35, and it was the only grain that traded throughout the day. Continued margin calls on leveraged funds has put considerable downward price pressure on all the grains. Just wait until this all shakes out. It will be great fun!
The grain futures markets are closed tomorrow for Good Friday.
Happy Easter!
