Corn Opens Lower, Climbs Higher

As the futures markets often do, they have surprised us this morning. Corn opened lower, but has clawed its way out of the pit and is currently very close to yesterday's closing price. I have no idea how to interpret this, but I keep remembering that 50% Fibonacci level. Soybeans, as expected, opened slightly higher. Perhaps the lesson today is to stick with soybeans!? :)