Overnight we posted a high in Nov Beans at 1019 and change…We have since blasted lower all the way down to 984, with the only good support on the charts looking to be the 975 to 972 level…When ten dollars didn’t hold this morning, it started a wave of selling which put the kibosh on every 5 cent to 8 cent rally…For the rest of the day I would look at the ten dollar level as a good sale, because today, the puppeteers want to sell grain. Don’t fight them, because they have all the bullets…Rain and cold weather, and a continued funk in the dollar are the best hopes for the bulls…
Good Trading
