Thursday, July 15, 2010

Beans have rallied a $1 off lows 886 to 986

Hot dome is in the forecast. Weather problems listed in Euro and Russia. Wheat near limit this morning. Last trading of July contracts have uncovered closes, SN closed at 1038.  Index funds as new ETF's keep being added.  Hedgers are short and wrong. August options expire on July 23rd and should be very important as short call traders are hosed and scrambling for the door!
 
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TRADING IN COMMODITY FUTURES OR OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

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