Re: May Corn/Breakout to New HIghs/Trades/Wayne

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Hi Wayne,

I have no clue here, you know the grains much better than I.

From Trades last Corn chart, Corn has closed above the 742 having hit highs of about 762 for two days and closing a bit lower.

I called it quits this morning and closed my long Corn to not get caught in the mornings re-open should it drop quickly.

Beyond the chart (which could likely stand a bit of a pull back) is the high crude (above 108), Dx remaining weak and your earlier thoughts on the Ethanol all of which would likely support the higher Corn prices.

Anyway, I pulled the plug to see what happens later this morning....

Any other thoughts ????

Thanks, Lee

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Re: May Corn/Breakout to New HIghs/Trades/Wayne

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