First Blush, numbers were not that bullish. They raised the yield. They also raised exports.
Corn up 24, Beans up 20 but had been up as much as 35. Wheat is up just 8 cents after being up 20 early.
Looks like another light volume trade. One thing to note, beans rallied and corn rallied about 2 minutes before the 730 AM number was released. More than just a few pros think this looked like some sort of a leak, or just a very luck guess.
Adjust buy stops in the short Dow position. the low today so far as been 13,227., within 100 pts of the target 13,118.
1620 calls are only worth 8 cents here. Exit the position for a loser and move on. Those options never gave us a double. Preserve capital and live to fight another afternoon.
That’s about all.
CER