November beans tried to rally, fell below the 935 level and have moved sharply lower below the 918 level…Dec Corn is below 340 and Dec Wheat is below 450.. Yesterday’s bounce up looks to have been short covering driven, and more of a technical bounce in the face of the fundamentals.’
Also we are watching the outside markets pull us down. Dow is looking like it will pierce the 9500 level… and the s&p’s are 18 handles lower at 1033…. Looks like a flush lower momentum could weigh across the board today.
C
