Tuesday Night Opening Thoughts

Funds were large sellers of corn, beans, wheat and cotton last week which could provide us a quick pop tonight on the delayed (Presidents Day) opening.

Managed money now short:

  • 102k corn
  • 81k wheat
  • 68k beans
  • even in cotton (after holding long position for extended time)

Outside markets firmer with crude and stocks melting higher in sympathy with Asian markets.

Still no large fundamental shifts to influence our markets so range bound trade should continue.

Markets will re-open tonight at normal times.  8PM Grains/9PM Cotton.