I took profits on 1/2 of my shorts at that 12,373 level in Dow futures. We are 140 higher from there now trading at 12,500.
My buy stops have not been triggered yet, but if they are triggered, then so be it. The trade overall is a money maker.
Corn looks terrible. Calls which were profitable are now a push.
Fundamentally, hot and dry seems to have no impact like it logically would.
Basis is 85 over, and seems to be doing the job the futures market once did..
Those august options have over a month to go. I have to think they will see daylight sometime over the next few weeks.
CER