Don't Be Left Behind.
Jerry Welch - InsideFutures.com - Tue Jun 11, 12:32PM CDT

Jerry Welch, Commodity Insite!
Call me at 406 -682 -5010
Ennis, Montana 59729

Follow me on twitter@commodityinsite

With but a few minutes before the release of this mornings, USDA monthly grain stocks report soybean prices were 7 cents lower, corn off 4 to 6 cents led by December 19 corn and wheat prices were in the ugly by 3 to nearly 9 cents. But that was before the USDA data hit the wires and the market had a chance to digest the report.


Now, as I type furiously away, soybean prices are 1 lower, not 7 lower. Corn is 4 to 11 cents higher led by December 19 and wheat prices are 4 cents higher in Chicago but fractionally lower elsewhere. Needless to say, the USDA report has changed the outlook for the grain complex.


In baseball, nothing changes a game in more dramatic fashion than a home run. In the futures markets, nothing changes the trend of a market in more dramatic fashion than a report. And this mornings grain report does indeed suggest a new trend is at hand for the grain complex.


Do not be left behind. Call me at 406 682 5010 if I can be of help. Or, drop me a line at commodityinsite1@gmail.com. Do not be left behind!



The time is 11:41 Chicago




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