Friday trade has the Dow leading the bullish side, 30,198, plus 266, and finally over the 30K target. Bonds drop a point and 7 tics, 171.21. Shining light in grains was oats, with all old crop now over $3. On the floor, we use to always say, always leading, never lying. Of course in this recent rally, oats have been late to the game. Worth watching. Wheat closes 575 1/2, on its lows, off 9. Rice drops a dime, 1222 1/2, as part of the spread roll is liquidating long positions. Meal soft Friday weighing on beans, 1163, minus 5 1/4, and corn drops 6 to 420 1/2. The week definitely did some technical damage. Don't loose track of the fact that we are trading the beginning of holiday mentality while at the same time prepping for an expected dull WASDE on the 10th. I don't think it would take much to make WASDE exciting.
Comments are closed.