Corn is locked limit down for the second day - this will be a first IF it stayed locked to the close. The beefers had a huge net long position & their soybean net long isn't saving them. The index funds had a huge long in corn, too. I think the margin calls are causing some spillover selling in cocoa. It was overbought & the beefers have a big net long there, too, BUT there is a real crop problem in Ivory Coast due to the drought. The chart has an uptrend & we are nearling support. I'll look to re-buy cocoa around 1800-1850 to rebuild my long. I will average in as I am concerned about beefer liquidations.
PS: December corn has been off limit down for awhile now and soybeans are up now, too. And May corn just traded off limit down, too. After today the grains will be a weather market.
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feds Poole says inflation "is retrating" as energy costs stabilize.
fed must smoke some really gud pot.
rofl
lol poole didnt make that remark during his speech. it was in the prepared text, but i guess he stopped smoking over the weekend and noticed the price of gas
man i hate the phillies
another yr of sucking
worst team ever in professional sports
Uh, the Detroit Lions? Worthless for 50 years. At least teh Phiiles had contenders 20 or so years ago, didn't they.
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