The selling continues today in the grain complex, but largely without strong conviction. The seems to be little follow-through of the Dollar's rise, which is apparently related. Crude oil has moved higher once again due to a military incident involving the U.S. and Iran in the Gulf, already reaching $119.50 on the June contract just a few days after the May contract expired.Due to the weak movement in grains, I am trading treasuries today. Treasuries require less margin, so I can take larger positions. They also tend to move more slowly, so I can take my time managing each trade. No futures instrument in the world is more liquid.
