Corn breaking out

P

pkts

Breaking out on bad news (higher yields than estimates) on what looks like it will be high volume. Watching the contract d!ck around in the range for the last week, I figured the shorties had it all under control...especially with the big moves in beans and wheat.

Glad to be proven wrong.
 
I'm guessing this is a sympathy move with Beans? Now that Beans are about 30...corn aint movin. Literally, its stuck at 15. Strange though since Beans have been on a tear and Corn has done nothing but go down in the last 2 weeks.
 
Quote from stupididiot:

W-C spread is finally snapping back. Temp or for good??:confused:
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If you were a spec long on Wheat and you saw a lock limit down into the close after bullish USDA report...what do you thinking would be? :)

I guess we'll know tomorrow whether the Wheat bull is run by the actual poor crop conditions or the specs.

Corn seemed to break away from moving with Beans and accelerated into the close....biggest vol for the Dec contract.
 
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