post usda aug-11 report
The trading day was volatile. Corn was down hard, beans were modestly down on somewhat bearish news. As many analysts say, "it's not the news that's important, it's how the market reacts to the news." Definitely a lot of truth in that statement.Gold has been all over the map lately and closed at the bottom of a 20-25 dollar trading range. Live and feeder cattle have extended the dramatic gains from this week and are now overbought.
Weekend research:
- cattle puts to leverage for seasonal downtrend to emerge
- possible liquidation of 240 dec corn puts
- gold calls - is there value here
- coffee near-term potential
- sugar - downside soon overextended?
- wheat weakness opportunity?
posted by jared @ 9:37 PM
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